Forex Signal For EUR/USD: Return to 1,1900 Seems Possible
Forex Signal For EUR/USD: Return to 1,1900 Seems Possible
The parity will likely rebound as traders target the key resistance at 1,1900.
Bull Market Outlook
- Set a buy-stop at 1,1840 and a take profit at 1,1900.
- Add a stop-loss at 1,1750.
- Timetable: 1-2 days.
Bear Market Outlook
- Set a sell-stop at 1,1785 and a take-profit at 1,1700.
- Add a stop-loss at 1,1850.
EUR/USD slipped in the overnight session after relatively weak US consumer confidence data.
The pair fell from 1,1844 to 1,1800.
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