Forex Signal For EUR/USD: Base Signs Emerging
Forex Signal For EUR/USD: Base Signs Emerging
The pair is likely to continue higher as traders target the key resistance level at 1,1000.
Bull Market Outlook
- Buy the EUR/USD pair and earn a profit on 1,100 basis points.
- Add a stop-loss to 1,0800.
- Timeline: 1-2 days.
Forex Signal For EUR/USD: Base Signs Emerging
Bear Market Outlook
- Stop-sell at 1,0800 and set a buyer-profit 1,0750.
- Add a stop-loss to 1,0900.
With investors expecting the latest European consumer inflation data, the euro/dollar price slightly increased on Wednesday and early Thursday, reaching a peak since April 14, 1.0851.
This is slightly above this week’s low of 1,0760.
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