Forex Signal For EUR/USD: Staying in Range Ahead of Powell's Testimony.
Forex Signal For EUR/USD: Staying in Range Ahead of Powell's Testimony.
The outlook for the pair is currently neutral, meaning there will be a breakout on both sides.
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: Staying in Range Ahead of Powell's Testimony.
Bear Market Outlook
- Set an auto stop at 1,1300 and take profit at 1,1200.
- Add a stop-loss at 1,1400.
After falling to 1,1285 on Monday, the EUR/USD pair rose slightly in the nighttime session to trade at 1,1326, a few points below 1,1365 post-NFP 1,1365 high.
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