Forex Signal For EUR/USD: Consolidation to Continue
Forex Signal For EUR/USD: Consolidation to Continue
The pair will likely stay in the range it is in today as markets await the official German election results.
Bull Market Outlook
- Set a buy-stop at 1,1735 and a take profit at 1,1800.
- Add a stop-loss at 1,1650.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Consolidation to Continue
Bear Market Outlook
- Set a sell-stop at 1,1700 and a take profit at 1,1600.
- Add a stop-loss at 1,1800.
The
EUR/USD pair was little changed in the morning as the market reflected on the German elections and the potential power vacuum.
It is trading at 1,1722, which is just above Friday's low of 1,1700.
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