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Forex Signal For EUR/USD: Stuck in a Narrow Range as Triangle Pattern Forms

Forex Signal For EUR/USD: Stuck in a Narrow Range as Triangle Pattern Forms Forex Signal For EUR/USD: Stuck in a Narrow Range as Triangle

Forex Signal For EUR/USD: Stuck in a Narrow Range as Triangle Pattern Forms
Yazar: Ross Sutton

Yayınlanma: 20 Ekim 2022 19:30

Güncellenme: 21 Kasım 2024 07:32

Forex Signal For EUR/USD: Stuck in a Narrow Range as Triangle Pattern Forms

  Forex Signal For EUR/USD: Stuck in a Narrow Range as Triangle Pattern Forms   The pair also reacted to the latest housing data from the US. The housing sector showed a strong decline, reaching 1,43 million in September, down 8,1%.  

Bear Market Outlook

 
  • Sell ​​the EUR/USD pair and take a profit at 0,9630.
  • Add a stop-loss at 0,9850.
  • Timetable: 1-2 days.
 

Forex Signal For EUR/USD: Stuck in a Narrow Range as Triangle Pattern Forms

 

Bull Market Outlook

 
  • Set a buy stop at 0,9810 and a take profit at 0,9950.
  • Add a stop-loss at 0,9700.
  With the US dollar making a strong comeback on Wednesday, the EUR/USD price dropped to 0,9760, just below this week's high of 0,9867. The drop came after Europe released strong inflation data and the US gave mixed housing figures.   eurusd_20102022_cryspus    

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