Bearish view

  • Sell the EUR/USD and set a take-profit at 0.9900.
  • Add a stop-loss at 1.0050.
  • Timeline: 1-2 days.

Bullish view

  • Set a buy-stop at 1.0035 and a take-profit at 1.0100.
  • Add a stop-loss at 0.9950.

The EUR/USD price dropped to a new two-decade low as concerns about the European economy. After falling to a low of 0.9898, the pair rebounded slightly to above parity after the relatively weak economic data from the United States.

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