Forex Signal For EUR/USD: Retracement Expected Likely in Taking Profit.
Forex Signal For EUR/USD: Retracement Expected Likely in Taking Profit.
The pair is expected to sacrifice some of last week's gains as traders target support at 1,1365.
Bear Market Outlook
- Set a sell-stop at 1,1450 and a take profit at 1,1365.
- Add a stop-loss at 1,1550.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Retracement Expected Likely in Taking Profit.
Bull Market Outlook
- Set a buy-stop at 1,1460 and a take profit at 1,1525.
- Add a stop-loss at 1,1400.
The
EUR/USD pair continues its bullish rally as the market reacts to the European Central Bank's (ECB) latest interest rate decision and strong American jobs data, and is trading at 1,1450, just below last week's high of 1,1485.
The price is about 2,95% above this year's low.
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