Forex Signal For EUR/USD: Increase Expected Ahead of EU Inflation Data.
Forex Signal For EUR/USD: Increase Expected Ahead of EU Inflation Data.
The pair will likely continue to rise as the bull market targets significant resistance at 1.0345.
Bull Market View
- Buy the EUR/USD pair and take a profit at 1,0345.
- Add a stop-loss at 1,0100.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Increase Expected Ahead of EU Inflation Data.
Bear Market Outlook
- Stop a sell at 1,0120 and take a profit at 1,000.
- Add a stop-loss at 1,02200.
The EUR/USD price continued to rebound as investors focused on upcoming EU inflation data and ECB rate decision, while the Federal Reserve lowered expectations.
It rose to 1,0022, the highest point since July 6 of this year.
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