Forex Signal For EUR/USD: Hammer Model Signals Are Getting Higher
Forex Signal For EUR/USD: Hammer Model Signals Are Getting Higher
Due to the hammer pattern, the pair will likely continue to rise as the bull Market targets the key resistance level at 1,0480.
Bull Market Outlook
- Buy the EUR/USD pair and take a profit at 1,0480.
- Add a stop-loss at 1,0375.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Hammer Model Signals Are Getting Higher
Bear Market Outlook
- Stop a sell at 1,0400 and take a profit at 1,0350.
- Add a stop-loss at 1,04600.
EUR/USD volatility rose to 1,0366, its lowest level since June 15 this year, following strong Eurozone consumer inflation data released last Friday. It's about 3,3% below its June high this year.
You may also be interested in: