EUR/USD Price Outlook| Sell the rallies
EUR/USD appears to have peaked. 1.1875 level will act as an
immediate resistance and cap the upside in the near term.
Selling the rallies in EUR/USD is preferred with initial targets at
1.1740, 1.1690 and 1.1600 respectively.
Stop loss can be placed above the resistance level.
Current price action definitely looks bearish and the downtrend
may accelerate next week.
immediate resistance and cap the upside in the near term.
Selling the rallies in EUR/USD is preferred with initial targets at
1.1740, 1.1690 and 1.1600 respectively.
Stop loss can be placed above the resistance level.
Current price action definitely looks bearish and the downtrend
may accelerate next week.