Forex Signal For EUR/USD: Possible Rebound Despite Recent Selling.
Forex Signal For EUR/USD: Possible Rebound Despite Recent Selling.
Despite the recent decline, there are signs that the pair will recover in the near term.
Bull Market Outlook
- Buy the EUR/USD pair and take a profit at 1,1350.
- Add a stop-loss at 1,1150.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Possible Rebound Despite Recent Selling.
Bear Market Outlook
- Set a sell-stop at 1,1220 and a take-profit at 1,1150.
- Add a stop-loss at 1,1300.
EUR/USD fell Wednesday morning to trade at 1,1250, roughly 1,2% below last week's high, as investors reflect a change of leadership in Germany and the increasing number of infections.
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