Forex Signal For EUR/USD: Bearish Flag Signals Show More Weakness.
Forex Signal For EUR/USD: Bearish Flag Signals Show More Weakness.
The pair is likely to move lower in the near term.
Bear Market Outlook
- Sell EUR/USD and set a take profit at 1,1500.
- Add a stop-loss at 1,1620.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Bearish Flag Signals Show More Weakness.
Bull Market Outlook
- Set a buy-stop at 1,1600 and a take profit at 1,1700.
- Add a stop-loss at 1,1550.
EUR/USD changed little on Monday morning as investors reflected in the relatively mixed US nonfarm payrolls data and upcoming inflation figures, the pair continues to trade at 1,1575, slightly above last week's low of 1,1530.
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