Forex Signal For EUR/USD: Extremely Bearish Patterns
Forex Signal For EUR/USD: Extremely Bearish Patterns
The pair is also expected to react to the upcoming German and Spanish consumer inflation data for November.
Bear Market Outlook
- Sell EUR/USD and take profit at 1,0225.
- Add a stop loss at 1,050.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Extremely Bearish Patterns
Bull Market View
- Set buy stop at 1,0420 and take profit at 1,0520.
- Add a stop-loss at 1,0350.
The EUR/USD price pulled back ahead of the upcoming US and European consumer confidence data, while the US dollar index rebounded below 1,0400.
On Tuesday, it was trading at 1,0365, which is about 9% above this year's low.
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