Forex Signal for EUR/USD: Short Term Consolidation Expected!
Forex Signal for EUR/USD: Short Term Consolidation Expected!
The pair will likely stay within its current range today, then resume its downtrend for this week.
Bear Market Outlook
- Set a sell-stop at 1,1847 and a take profit at 1,1760.
- Add a stop-loss at 1,1900.
- Timetable: 1-2 days.
Forex Signal for EUR/USD: Short Term Consolidation Expected!
Bull Market Outlook
- Set a buy-stop at 1,1875 and a take profit at 1,1950.
- Add a stop-loss at 1,1800.
The
EUR/USD pair was volatile in the Asian session on a low volume day as it celebrated the US Independence Day. The pair is trading at 1,1857, just above last week's low of 1,1807.
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