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EUR/USD Forex Signal: Bears in Control as Euro Clears Key Support

Bearish View

Sell the EUR/USD pair and set a take-profit at 1.1040.

Add a stop-loss at 1.1160.

Timeline: 1-2 days. Bullish View Set a buy-stop at 1.1150 and a take-profit at 1.1250. Add a stop-loss at 1.1100. The EUR/USD pair retreated in the overnight session as investors started to predict that the current Russian crisis will push the ECB to slow its tightening. The pair dropped to a low of 1.110, which was lower than Monday’s high of 1.1273. ECB in Difficult Place Analysts believe that the ECB is at a difficult place as the crisis in Ukraine escalates. The immediate impact of the crisis on the European economy is on the rising energy prices. The price of crude oil jumped to $105 per barrel for the first time in more than 7 years. Similarly, European gas prices rose to the highest level ever recorded.The cost of […]

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  • EUR/USD Forex Signal: Bears in Control as Euro Clears Key Support
  • EUR/USD Forex Signal: Bears in Control as Euro Clears Key Support
  • EUR/USD Forex Signal: Bears in Control as Euro Clears Key Support
  • EUR/USD Forex Signal: Bears in Control as Euro Clears Key Support
  • EUR/USD Forex Signal: Bears in Control as Euro Clears Key Support
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