Forex Signal For EUR/USD: A Major Bear Market Break Before US Inflation
Forex Signal For EUR/USD: A Major Bear Market Break Before US Inflation
Due to the lower flag pattern, it is likely the party will continue the downward trend, which paused last week.
Bear Market View
- Sell the EUR/USD pair and set up a profit for 1,0450.
- Add a stop-loss to 1,0615.
- Timeline: 1-2 days.
Forex Signal For EUR/USD: A Major Bear Market Break Before US Inflation
Bull Market Look
- Set up a buy at 1,0585 and a profit at 1,0650.
- Insert a stop loss at 1,050.
The EUR/USD remains in consolidation mode as investors await the upcoming US and German consumer inflation data, while it's shifting after the Bundesbank chief pressured the European Central Bank (ECB) to start acting at its July meeting.
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