EUR/USD is looking bearish this week, with the pair trading below 1.1600. Here are some potential trade ideas:
Bearish Scenario:
– Sell EUR/USD if it breaks below 1.1467, targeting 1.1390 and 1.1252.
– Stop-loss above 1.1655.
Bullish Scenario:
– Buy EUR/USD if it breaks above 1.1655, targeting 1.1727 and 1.1917.
– Stop-loss below 1.1561.
Key levels to watch:
– Support: 1.1467, 1.1390, 1.1252
– Resistance: 1.1655, 1.1727, 1.1917
The market is expecting a Federal Reserve rate cut in December, which could impact the pair’s movement. Additionally, economic data releases from the Eurozone and US will likely influence the EUR/USD trend ¹ ² ³.
[11/29, 13:30] Meta AI: EUR/USD is looking bearish this week, with the pair trading below 1.1600. Here are some potential trade ideas
