Forex Signal For EUR/USD: Bear Market Holds Control Before US Inflation Data Releases
Forex Signal For EUR/USD: Bear Market Holds Control Before US Inflation Data Releases
As bears target the bottom of the channel in 1,0835, the party will likely continue to fall
Bear Market Outlook
- Sell the EUR/USD pair and take a profit 1,0800 base points.
- Add a stop-loss to 1,0920.
- Timeline: One or two days.
Forex Signal For EUR/USD: Bear Market Holds Control Before US Inflation Data Releases
Bull Market Outlook
- Get a buy stop for 1,0910 and profit for 1,0960.
- Add a stop-loss to 1,0850.
The EUR/USD party has gone down as investors reflect the recent French elections and the coming US and German consumer inflation data.
Its peak on Monday has fallen to 1,0870, about 57 base points below that one.
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