Forex Signal For EUR/USD: Unwavering Uptrend at 1,1715.
Forex Signal For EUR/USD: Unwavering Uptrend at 1,1715.
Despite the pullback, the pair will likely continue to rise as the bulls target the 50 % retracement level at 1,1716.
Bull Market Outlook
- Buy EUR/USD and set a take profit rate at 1,1715 (50% retracement).
- Add a stop-loss at 1,1600.
- Timetable: 2 days.
Forex Signal For EUR/USD: Unwavering Uptrend at 1,1715.
Bear Market Outlook
- Set a sell-stop at 1,1615 and a take-profit at 1,1550.
- Add a stop-loss at 1,1700.
The EUR/USD price tumbles as investors reflect relatively weak housing starts and building permits data in the US, while the pair remains trading at 1,1637, just below Tuesday's high of 1,1670.
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