Forex Signal For EUR/USD: Cup and Handle Points to Rebound
Forex Signal For EUR/USD: Cup and Handle Points to Rebound
The pair will likely continue to recover as the bulls target key resistance at 1,1900.
Bull Market Outlook
- Set a buy-stop at 1,1820 and a take profit at 1,1905.
- Add a stop-loss at 1,1750.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Cup and Handle Points to Rebound
Bear Market Outlook
- Take a sat-stop at 1,1790 and a profit at 1,1700.
- Add a stop-loss at 1,1850.
EUR/USD remains at key support level ahead of key US Consumer Price Index (CPI) data and as the Eurozone economic recovery accelerates.
The pair is trading at 1,1810, slightly below last week's high of 1,1900.
You may also be interested in: