Forex Signal For EUR/USD: Double Top Forms Reveal Increasing Negativity
Forex Signal For EUR/USD: Double Top Forms Reveal Increasing Negativity
While the
EUR/USD pair is likely to react moderately to the latest jobless claims data, Economists believe claims have risen to 220,000 from 217K last week.
Bear Market Outlook
- Sell the EUR/USD pair and take a profit at 0,9900.
- Add a stop-loss at 1,0065.
- Timeline: 1 day.
Forex Signal For EUR/USD: Double Top Forms Reveal Increasing Negativity
Bull Market Outlook
- Buy the EUR/USD pair and take a profit at 1.0095.
- Add a stop-loss at 0.9900.
As the US dollar rallied, the EUR/USD price fell below the pair, trading at 0,9996, the lowest level since Friday last week.
Price is hovering just below 1,0095 this week's high ahead of upcoming US inflation data.
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