Forex Signal For EUR/USD: European Central Bank (ECB), Bullish Amid Fed Differentiation
Forex Signal For EUR/USD: European Central Bank (ECB), Bullish Amid Fed Differentiation
The couple is likely to keep rising as the Bull Market targets a key resistance level of 1,0867, which is 50% along the Fibonacci withdrawal level.
Bull Market Look
- Buy EUR/USD and take a profit at 1,0864.
- Add a stop-loss to 1,0640.
- Timeline: 1-2 days.
Forex Signal For EUR/USD: European Central Bank (ECB), Bullish Amid Fed Differentiation
Bear Market View
- Stop selling at 1,070 and set profit at 1,0650.
- Add a stop-loss to 1,0750.
The EUR/USD pair continues to bounce back after relatively weak US housing data and Christine Lagarde's hawkish statement, rising for the third consecutive day and trading at 1,0734, the highest since April 25 this year.
It has jumped more than 3% from its lowest point this year.
You may also be interested in: