Forex Signal For EUR/USD: Possibly Rebound to 1,1440 Mid Omicron.
Forex Signal For EUR/USD: Possibly Rebound to 1,1440 Mid Omicron.
The pair will likely continue to rise as the bull market targets the 50% retracement level at 1,1440.
Bull Market Outlook
- Buy EUR/USD and add a take profit of 1,1440 (50% retrace).
- Set a stop-loss at 1,1200.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Possibly Rebound to 1,1440 Mid Omicron.
Bear Market Outlook
- Take a sell-stop at 1,1250 and a profit at 1,1180.
- Add a stop-loss at 1,1380.
The EUR/USD pair gained slight momentum on Monday to 1,1310, roughly 1% above this month's low, even as the number of Omicron variant cases continues to rise and countries add travel restrictions.
You may also be interested in: