Forex Signal For EUR/USD: Tips for Identifying the Resistance Path
Forex Signal For EUR/USD: Tips for Identifying the Resistance Path
The pair will likely continue to rise as the bull market targets the first resistance of the standard pivot point at 1,06.
Bull Market Outlook
- Buy the EUR/USD pair and take a profit at 1,0600.
- Add a stop-loss at 1,0500.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Tips for Identifying the Resistance Path
Bear Market Outlook
- Take a sell stop at 1,0510 and a profit at 1,0450.
- Add a stop-loss at 1,0600.
The EUR/USD pair remained calm on Monday morning as investors focused on upcoming US housing and consumer confidence data, and traded at 1,0556, just above last week's low of 1,0475.
You may also be interested in: