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EUR/USD Forex Signal: Double Top Score for Weakness

EUR/USD Forex Signal: Double Top Score for WeaknessEUR/USD Forex Signal: Double Top Score for WeaknessEUR/USD Forex Signal: Double Top Score

EUR/USD Forex Signal: Double Top Score for Weakness
Yazar: Ross Sutton

Yayınlanma: 28 Haziran 2021 12:19

Güncellenme: 19 Kasım 2024 13:02

EUR/USD Forex Signal: Double Top Score for Weakness

  EUR/USD Forex Signal: Double Top Score for Weakness The continuation of the bearish level of the pair will be with investors targeting 1,1846, the lowest level seen this month.

Bearish View

-Selling the parity would be beneficial so a profit could be made at 1,1850. -It may be necessary to add a stop-loss at 1,1970 -Timeline: The duration is 1-2 days.  

EUR/USD Forex Signal: Double Top Score for Weakness

Bullish View

-A buy-stop point can be made at 1,1945 and a profit at 1,2000 -Adding a stop loss at 1,1850 EUR/USD showed a decline after the personal consumption expenditure (PCE) data, thanks to the rising hopes for the infrastructure package. It is currently trading at 1,1924, just below the 1,1975 high it reached last week.    

Source: Daily Forex

 

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