Forex Signal For EUR/USD: Recovery Rally to Continue to 1,1850
Forex Signal For EUR/USD: Recovery Rally to Continue to 1,1850
The pair's relief rally will likely continue before US durable goods orders numbers and Jackson Hole peak.
Bull Market Outlook
- Buy EUR/USD and set to take a profit at 1,1850.
- Add a stop-loss at 1,1667 (last week's low).
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Recovery Rally to Continue to 1,1850
Bear Market Outlook
- Set a sell-stop at 1,1700 and a take-profit at 1,1600.
- Add a stop-loss at 1,1800.
The EUR/USD price was little changed on Monday morning as investors await key German sentiment data and US durable goods orders. The pair continues to trade at 1,1745, which is about 0,70 % above last week's low.
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