EUR/USD Forex Signal: Bearish Trend Intact as Focus on ECB
The pair will likely remain in the current range for the next few days as traders wait for the ECB decision.
Bearish View
Bullish View
Set a buy-stop at 1.1825 and a take-profit at 1.1900.
Add a stop-loss at 1.1770.
The EUR/USD was little changed in the Asian session as traders weighed the strong US recovery and the upcoming European Central Bank (ECB) decision. The pair is trading at 1.1805, where it ended the week at last week.
The pair will likely remain in the current range for the next few days as traders wait for the ECB decision.
Bearish View
Bullish View
Set a buy-stop at 1.1825 and a take-profit at 1.1900.
Add a stop-loss at 1.1770.
The EUR/USD was little changed in the Asian session as traders weighed the strong US recovery and the upcoming European Central Bank (ECB) decision. The pair is trading at 1.1805, where it ended the week at last week.
E-TRADE
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EUR/USD Forex Signal: Wide Bearish Price Channel Holds
The price is weakly bearish below 1.1800.
Last Thursday’s EUR/USD signals produced a nicely profitable short trade from the bearish inside candlestick breakdown off the resistance level identified at 1.1850.
Today’s EUR/USD Signals
Risk 0.75%.
Trades must be taken before 5pm London time today only.
Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.1801, 1.1823, or 1.1850.
Put the stop loss 1 pip above the local swing high.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.
The price is weakly bearish below 1.1800.
Last Thursday’s EUR/USD signals produced a nicely profitable short trade from the bearish inside candlestick breakdown off the resistance level identified at 1.1850.
Today’s EUR/USD Signals
Risk 0.75%.
Trades must be taken before 5pm London time today only.
Short entry following a bearish price action reversal on the H1 time frame immediately upon the next touch of 1.1801, 1.1823, or 1.1850.
Put the stop loss 1 pip above the local swing high.
Adjust the stop loss to break even once the trade is 20 pips in profit.
Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run.
AUD/USD Forex Signal: No End in Sight for Aussie Sell-Off
The path of the least resistance for the pair is bearish.
Bearish View
Bullish View
The AUD/USD pair crashed to the lowest level since November last year as investors reacted to the deteriorating condition in Australia. It is trading at 0.7310, which is about 9% below the highest level this year.
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Australia COVID Outbreak
In 2020, Australia was praised for its COVID-19 response. The country saw significantly fewer COVID cases than other countries like the UK and Germany.
Now, the country is battling a new COVID wave and the government is about 2 months late on its vaccination drive. Earlier today, New South Wales recorded about 110 new cases while Victoria recorded 22 new local cases.
As a result, the two states have announced some lockdown measures while the government has launched a rescue package for businesses. Therefore, investors are concerned that the strong Australian recovery will get undone as business activity slows down.
The AUD/USD has also struggled because of the overall performance of commodities. With the Delta variant cases rising significantly, there are concerns that commodity demand will be affected. As a result, the prices of most commodities has struggled this week. Crude oil has dropped by almost 10% while copper and iron ore prices have retreated. The Australian dollar is often seen as a proxy for commodity prices because of its vast natural resources.
The path of the least resistance for the pair is bearish.
Bearish View
Bullish View
The AUD/USD pair crashed to the lowest level since November last year as investors reacted to the deteriorating condition in Australia. It is trading at 0.7310, which is about 9% below the highest level this year.
Advertisement

Australia COVID Outbreak
In 2020, Australia was praised for its COVID-19 response. The country saw significantly fewer COVID cases than other countries like the UK and Germany.
Now, the country is battling a new COVID wave and the government is about 2 months late on its vaccination drive. Earlier today, New South Wales recorded about 110 new cases while Victoria recorded 22 new local cases.
As a result, the two states have announced some lockdown measures while the government has launched a rescue package for businesses. Therefore, investors are concerned that the strong Australian recovery will get undone as business activity slows down.
The AUD/USD has also struggled because of the overall performance of commodities. With the Delta variant cases rising significantly, there are concerns that commodity demand will be affected. As a result, the prices of most commodities has struggled this week. Crude oil has dropped by almost 10% while copper and iron ore prices have retreated. The Australian dollar is often seen as a proxy for commodity prices because of its vast natural resources.