Forex Signal For EUR/USD: Reaches 1,035, Appropriate Point for a Bullish Breakout.
Forex Signal For EUR/USD: Reaches 1,035, Appropriate Point for a Bullish Breakout.
The pair will likely continue to rise as long as the bulls aim for the key resistance level at 1,035 at R2 to watch.
Bull Market Outlook
- Buy the EUR/USD pair and take a profit at 1,0350.
- Add a stop-loss at 1,0225.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Reaches 1,035, Appropriate Point for a Bullish Breakout.
Bear Market Outlook
- Take a sell stop at 1,0250 and take a profit at 1,0200.
- Add a stop-loss at 1,0320.
The EUR/USD pair held steady, climbing to 1,0275, the highest since July 5 this year, as the market reflected significantly weak data from European and US dollar sales.
The pair is up around 3,5% from its June low.
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