EUR/USD Forex Signal: Euro to Retest 0.9957 as USD Rebounds

Bearish view

  • Sell the EUR/USD pair and set a take-profit at 0.9957.
  • Add a stop-loss at 1.0163.
  • Timeline: 1-2 days.

Bullish view

  • Set a buy-stop at 1.0150 and a take-profit at 1.0250.
  • Add a stop-loss at 1.000.

The EUR/USD price continued falling as concerns of a more hawkish Federal Reserve pushed the US dollar to a multi-week high. It also declined as risks in the financial market rose ahead of the Jackson Hole Symposium. It moved to a low of 1.0050, which was the lowest level since July 15.

James Rogers

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