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EUR/USD: bullish 'Flag' pattern

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5-6-2018-EUR-H4.png

There's a bullish 'Flag', so the market is likely going to test the next resistance at 1.1762 - 1.1799. A pullback from this area could be a departure point for another decline towards the nearest support at 1.1636 - 1.1582.

5-6-2018-EUR-H1.png

We've got a local 'Double Bottom', so the market is likely going to reach another resistance at 1.1762 - 1.1778. However, if a pullback from this area happens little later on, there'll be a moment for a bearish price movement in the direction of the previously tested support at 1.1671 - 1.1661.

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