Forex Signal For EUR/USD: Bullish Pennant and Double Bottom.
Forex Signal For EUR/USD: Bullish Pennant and Double Bottom.
Bull Market Outlook
Buy EUR/USD and set take profit rate at 1,1716 (50% retrace).
Add a stop-loss at 1,1550.
Timetable: 1-2 days.
Forex Signal For EUR/USD: Bullish Pennant and Double Bottom.
Bear Market Outlook
Set a sell-stop at 1,1550 and a take-profit at 1,1450.
Add a stop-loss at 1,1650.
EUR/USD remained stable in early trading as the market continued to reflect strong US retail sales and weak consumer confidence data. The pair rallied to 1,1600, higher than 1,1523 last week's low.