Forex Signal For EUR/USD: Rising Continues After Breaking Key Resistance Level.
Forex Signal For EUR/USD: Rising Continues After Breaking Key Resistance Level.
The four-hour chart shows that the
EUR/USD price has been in a strong uptrend for the past few days, with the Bollinger Bands expanding above all moving averages.
Bull Market Outlook
- Buy EUR/USD and take profit at 1,0650.
- Add a stop-loss at 1,0420.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Rising Continues After Breaking Key Resistance Level.
Bear Market Outlook
- Stop A Sell At 1.0430 And Set A Take Profit At 1,0350.
- Add A Stop-Loss At 1,0550.
EUR/USD price continued its relentless rise as investors focused on the possibility of the Federal Reserve's return to 1,0540, its highest level since June this year.
The pair is up 10% from this year's low and accounts for most of this year's losses.
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