Forex Signal For EUR/USD: Fluctuation Expected in Light of ECB and US Inflation
Forex Signal For EUR/USD: Fluctuation Expected in Light of ECB and US Inflation
While this recovery is a weak bounce, there is a possibility that the pair will continue to rise as the bulls target the 61,8% retracement level at 1,1230.
Bull Market Outlook
- Buy the EUR/USD pair and set a take profit at 1,1230.
- Add a stop-loss at 1,0950.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Fluctuation Expected in Light of ECB and US Inflation
Bear Market Outlook
- Take a sell-stop at 1,100 and a profit at 1,0900.
- Add a stop-loss at 1,1100.
The euro/dollar pair jumped sharply on Wednesday and Thursday morning to 1,1100, the highest level since last week, as the risk-on sentiment spread in the market.
It gained more than 2,60% from this week's low
.
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