Forex Signal For EUR/USD: Range Limited for Now.
Forex Signal For EUR/USD: Range Limited for Now.
The pair is likely to stay in this range before the US retail sales figures and the Fed rate decision.
Bull Market Outlook
- Buy EUR/USD and take a profit at 1,1400.
- Add a stop-loss at 1,1250.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Range Limited for Now.
Bear Market Outlook
- Set a sell-stop at 1,1300 and a take profit at 1,1250.
- Add a stop-loss at 1,1350.
EUR/USD held steady on Monday morning as the market reflected relatively strong US inflation data, and it looks set to be one of the most important weeks in the market this year as investors announce their decisions from the Fed and ECB.
It is trading at 1,1318, just above last Friday's low of 1,1265.
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