Forex Signal For EUR/USD: Inverted Head & Shoulders Pattern Forms
Forex Signal For EUR/USD: Inverted Head & Shoulders Pattern Forms
Bull Market Outlook
- Take a buy stop at 1,0276 and a profit at 1,0400.
- Add a stop-loss at 1,0150.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Inverted Head & Shoulders Pattern Forms
Bear Market Outlook
- Stop a sell at 1,0200 and take a profit at 1,0130.
- Add a stop-loss at 1,0280
While investors await the upcoming US consumer confidence data and the FOMC decision, and the
EUR/USD stays in a tight range on Tuesday morning, the pair also reacted to the relatively weak German confidence data and Russia's decision to cut gas delivery via the Nord Stream 1 pipeline. It is trading at 1,0226, slightly below last week's high of 1,0276.
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