Forex Signal For EUR/USD: Buyers Should Stay in Control for Now.
Forex Signal For EUR/USD: Buyers Should Stay in Control for Now.
The pair is likely to continue its relatively bullish trend as the bulls target the key resistance level at 1,1650.
Bull Market Outlook
- Buy EUR/USD and take a profit at 1,1650.
- Add a stop-loss at 1,1500.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Buyers Should Stay in Control for Now.
Bear Market Outlook
- Set a sell-stop at 1,1550 and a take-profit at 1,1450.
- Add a stop-loss at 1,1650.
The
EUR/USD pair held steady on Monday even as the number of COVID-19 cases in Europe increased. The pair is trading at 1,1588, which is relatively higher than last week's low of 1,1513.
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