Forex Signal For EUR/USD: Relief Rally Has More Spaces to Run
Forex Signal For EUR/USD: Relief Rally Has More Spaces to Run
Price is back at the pivot point and is staying just above the Ichimoku cloud (the curve that provides a clearer picture of price action).
Bull Market Outlook
- Buy the EUR/USD pair and take a profit at 1,0100.
- Add a stop-loss at 0,9850.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Relief Rally Has More Spaces to Run
Bear Market Outlook
- Take a sell stop at 0,9890 and a profit at 0,9800.
- Add a stop-loss at 1,000.
EUR/USD slumped to its highest level since November 2 after relatively strong US jobs data and rose to 0,9957 from 0,9735 last week's low.
The focus is now shifting to upcoming US consumer and producer inflation data.
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