Expert analysts from Commerzbank, Scotiabank, and ING share insights on the EUR/USD pair. As the market anticipates an ECB rate hike, caution is advised. The Euro's trajectory might pause, making it crucial to stay vigilant. Scotiabank suggests a potential bearish trend, while ING warns of room for correction in the overvalued EUR/USD. Economic concerns in the Eurozone add to market uncertainty, emphasizing the need for informed trading decisions.
The EUR/USD pair has been experiencing a bearish trend in recent days, as indicated by multiple technical indicators and fundamental analysis. Price action has shown a break below the key support level at 1.1200, suggesting a potential continuation of the downtrend.
TRADE IDEA DETAILS
CURRENCY PAIR: EUR/USD
CURRENT TREND: Bearish
TRADE SIGNAL: Sell Signal
👉ENTRY PRICE: Approximately 1.1200
✅TAKE PROFIT: Around 1.1125
❌STOP LOSS: Above 1.1250
The EUR/USD pair has been experiencing a bearish trend in recent days, as indicated by multiple technical indicators and fundamental analysis. Price action has shown a break below the key support level at 1.1200, suggesting a potential continuation of the downtrend.
TRADE IDEA DETAILS
CURRENCY PAIR: EUR/USD
CURRENT TREND: Bearish
TRADE SIGNAL: Sell Signal
👉ENTRY PRICE: Approximately 1.1200
✅TAKE PROFIT: Around 1.1125
❌STOP LOSS: Above 1.1250