Forex Signal For EUR/USD: Possible Retracement After Hitting Key Resistance.
Forex Signal For EUR/USD: Possible Retracement After Hitting Key Resistance.
The EUR/USD pair will likely continue the downtrend as the Bear Market targets the bottom of the channel at 1,1278.
Bear Market Outlook
- Sell EUR/USD and set a take profit at 1,1278.
- Add a stop loss at 1,1420.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Possible Retracement After Hitting Key Resistance.
Bull Market Outlook
- Set a buy-stop at 1,1380 and a take profit at 1,1450.
- Add a stop-loss at 1,1300.
As Jerome Powell testified in the Senate, the EUR/USD rallied to a significant resistance, as it rose to 1,1360 ahead of the latest US consumer price index (CPI) data.
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