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.
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