Forex Signal For EUR/USD: Recovery Trend in Sight
Forex Signal For EUR/USD: Recovery Trend in Sight
The pair is likely to continue higher with the initial target set to last week's high of 1,1482.
Bull Market Outlook
- Buy the EUR/USD pair and take a profit at 1,1500.
- Add a stop-loss at 1,1350.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Recovery Trend in Sight
Bear Market Outlook
- Take a sell-stop at 1,1400 and a profit at 1,1350.
- Add a stop-loss at 1,1450.
As investors continue to assess the impact of the hawkish Fed and ECB on their respective currencies, the EUR/USD pair fluctuated in the night session, trading at 1,1417, about 0,56% below last week's high.
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