Forex Signal For EUR/USD: Extremely Bearish Patterns Pointing.
Forex Signal For EUR/USD: Extremely Bearish Patterns Pointing.
The
EUR/USD price is expected to react to the inflation forecast from the Eurozone.
Bear Market Outlook
- Sell EUR/USD and take profit at 1,0223.
- Add a stop-loss at 1,0350.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Extremely Bearish Patterns Pointing.
Bull Market Outlook
- Buy EUR/USD and take profit at 1,0500.
- Add a stop-loss at 1,0280.
Following encouraging consumer confidence data, the EUR/USD price fell slightly as demand for the US dollar surged and outpaced key US economic figures such as jobs and GDP.
Eurostat is also expected to release preliminary inflation data. On Wednesday, it was trading at 1,0333, just below 1,0500 this month's high.
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