Forex Signal For EUR/USD: Possible Bearish Breakout
Forex Signal For EUR/USD: Possible Bearish Breakout
The pair will likely continue to decline as German coalition building begins and the risk of a US government shutdown increases.
Bear Market Outlook
- Sell EUR/USD and set a take profit at 1,1600.
- Add a stop-loss at 1,1800.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Possible Bearish Breakout
Bull Market Outlook
- Set a buy-stop at 1,1730 and a take profit at 1,1800.
- Add a stop-loss at 1,1650.
The EUR/USD pair is hovering near its lowest level since the end of August as investors ponder the German election. It is trading at 1,1700, slightly below last week's high of 1,1750 ahead of the latest US consumer confidence data.
You may also be interested in: