Forex Signal From EUR/USD: Euro Remains Cautious Ahead of ECB Decision.
Forex Signal From EUR/USD: Euro Remains Cautious Ahead of ECB Decision.
The four-hour chart shows that the
EUR/USD pair has been in a strong uptrend for the past few days.
Bull Market Outlook
- Buy EUR/USD and take a profit at 1,0200.
- Add a stop-loss at 1,000.
- Timeline: 1 day.
Forex Signal From EUR/USD: Euro Remains Cautious Ahead of ECB Decision.
Bear Market Outlook
- Set a sell stop at 0,9925 and a take profit at 0,9850.
- Add a stop-loss at 1,0100.
As the market awaits the European Central Bank's (ECB) interest rate decision, the EUR/USD price continued to recover and rose to 1,0086, the highest level since September 13 this year.
It has rebounded more than 5,6% from its lowest level this year.
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