Forex Signal For EUR/USD: Euro Expected to Retest October Lows.
Forex Signal For EUR/USD: Euro Expected to Retest October Lows.
There is a suspicion that the pair will continue its bearish trend as the bears target support at 1,1524.
Bear Market Outlook
- Sell EUR/USD and set a take profit at 1,1524.
- Add a stop-loss at 1,1650.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Euro Expected to Retest October Lows.
Bull Market Outlook
- Set a buy-stop at 1,1610 and a take profit at 1,1700.
- Add a stop-loss at 1,1550.
EUR/USD pulled back in the night session as traders reflected relatively weak German retail sales data and strong Manufacturing PMI in the Americas, pushing the pair to 1,1590, above last Friday's low of 1,1534.
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