Forex Signal For EUR/USD: Rising Triangle Signals Go Up More
Forex Signal For EUR/USD: Rising Triangle Signals Go Up More
The pair is likely to drop to key support at 1,0540 as the triangle pattern approaches the confluence.
Bull Market Outlook
- Take a buy stop at 1,0615 and a profit at 1,0700.
- Add a stop loss at 1,0550.
- Timetable: 1-2 days.
Forex Signal For EUR/USD: Rising Triangle Signals Go Up More
Bear Market Outlook
- Sell EUR/USD and take a profit at 1,0500.
- Add a stop-loss at 1,0650.
The
EUR/USD pair rallied to key resistance after hitting 1,0615, its highest level since June 10 of this year, following Christine Lagarde's hawkish statement. It rose more than 2,2%, its lowest level this month.
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