Forex Signal For EUR/USD: Head and Shoulders Curve Indicates Increasing Negativity
Forex Signal For EUR/USD: Head and Shoulders Curve Indicates Increasing Negativity
Bear Market Outlook
Sell the EUR/USD pair and take a profit at 0,9600.
Add a stop-loss at 0,9820.
Timetable: 1-2 days.
Forex Signal For EUR/USD: Head and Shoulders Curve Indicates Increasing Negativity
Bull Market Outlook
Set a buy stop at 0,9800 and a take profit at 0,9900.
Add a stop-loss at 0,9700.
The EUR/USD price continued its downward trend Monday morning as the focus shifted to US housing and UK inflation data.
It fell to 0,9723, from 1,57%, the October 5 high.