Forex Signal For EUR/USD: The Bullish Reaction Is Not Exaggerated.
Forex Signal For EUR/USD: The Bullish Reaction Is Not Exaggerated.
The pair will likely continue its uptrend as traders try to buy the dips.
Bull Market Outlook
- Buy EUR/USD and add take profit at 1,1465 (38,2% retracement).
- Add a stop-loss at 1,1170.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: The Bullish Reaction Is Not Exaggerated.
Bear Market Outlook
- Take a sell-stop at 1,1200 and a profit at 1,1100.
- Add a stop-loss at 1,1300.
The EUR/USD pair was little changed as concerns over the new Omicron variant of Covid subsided, responding moderately to relatively strong US pending home sales figures and German flash inflation data. It is trading at 1,1265, just below Friday's high of 1,1345.
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