Forex Signal For EUR/USD: Euro Expects First ECB Hike in Ten Years.
Forex Signal For EUR/USD: Euro Expects First ECB Hike in Ten Years.
The pair is likely to continue the uptrend as long as the sellers aim the 50% retracement level at 1,0382.
Bull Market Outlook
- Set a buy stop at 1,0250 and a take profit at 1,0375.
- Add a stop-loss at 1,0125.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Euro Expects First ECB Hike in Ten Years.
Bear Market Outlook
- Take a sell-stop at 1,0100 and a profit at 1,000.
- Add a stop-loss at 1,0200.
The
EUR/USD pair retreated with some relief ahead of the upcoming ECB rate decision from the strong euro recovery as it fell to 1,0150, just below this week's high of 1,0280.
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