Forex Signal For EUR/USD: Euro Retracement to Gain Steam
Forex Signal For EUR/USD: Euro Retracement to Gain Steam
The pair will likely continue to rise as traders target the 50% retracement level at 1,0765
Bull Market Outlook
- Buy the EUR/USD pair and take a profit at 1,0800.
- Add a stop-loss at 1,0600.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Euro Retracement to Gain Steam
Bear Market Outlook
- Take a sell-stop at 1,0600 and a profit at 1,0500.
- Add a stop-loss at 1,0700.
The EUR/USD price continued its bullish momentum following Christine Lagarde's hawkish rating, while rising as market volatility eased and dragged the US dollar.
It is trading at 1,0680, the highest level seen since April 26.
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