Forex Signal For EUR/USD: Relief Rally Cannot be Excluded.
Forex Signal For EUR/USD: Relief Rally Cannot be Excluded.
The pair will likely start a relief rally this week as the break and retest pattern takes place.
Bull Market Outlook
- Buy the EUR/USD pair and set a take profit at 1,1500.
- Add a stop-loss at 1,1380.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Relief Rally Cannot be Excluded.
Bear Market Outlook
- Take a sell-stop at 1,1400 and a profit at 1,1300.
- Add a stop-loss at 1,1500.
EUR/USD price hovers close to its lowest level since July 2020 as investors reflect on rising US inflation and the potential for a tighter global tightening. The pair is trading at 1,1443, about 2.2% below its October high this year.
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