Signal For EUR/USD: A Triangle Forming After Hawkish Fed
Signal For EUR/USD: A Triangle Forming After Hawkish Fed
The parity will likely continue to rise as the bulls target the next level of lock resistance at 1,100
Bull Market Outlook
- Buy the EUR/USD pair and earn a profit at 1,1100.
- Add a stop-loss at 1,0960.
- Timeline: 1-2 days.
Signal For EUR/USD: A Triangle Forming After Hawkish Fed
Bear Market View
- Sell-stop at 1,0990 and arrange for a profit at 1,0945.
- Create a stop-loss at 1,1125.
The trading of the US$ 1,1033 EUR/US parity following the Federal Reserve’s decision, which was about 2% higher than this month’s lowest, was not much different when the Ukrainian and Russian negotiators approached an agreement.
You may also be interested in: