Forex Signal For EUR/USD: An Effort to Hold the Flag in a Bull Market to Be Competitive.
Forex Signal For EUR/USD: An Effort to Hold the Flag in a Bull Market to Be Competitive.
Due to the bullish flag and competitive market, there is a possibility of a bullish breakout above 1,1500.
Bull Market Outlook
- Buy the EUR/USD pair and take a profit at 1,1525.
- Add a stop-loss at 1,1380.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: An Effort to Hold the Flag in a Bull Market to Be Competitive.
Bear Market Outlook
- Take a sell-stop at 1,1420 and a profit at 1,1350.
- Add a stop-loss at 1,1450.
EUR/USD advanced on Thursday morning as US consumer price index (CPI) data, which comes into focus, traded at 1,1440, nearly 40 basis points above Tuesday's low.
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