EUR/USD: bearish "Flag"

EUR/USD: bearish "Flag"

EUR/USD: bearish "Flag"

Bears reached a support at 1.0678, so the price is consolidating. Therefore, the market is likely going to test the next support at 1.0655 – 1.0594 in the short term. If a pullback from this area happens, there’ll be an opportunity to have an upward price movement towards a resistance at 1.0705.

 

EUR/USD: bearish "Flag"

The price is consolidating along a support at 1.0678. However, the pair is likely going to reach the next support at 1.0655 – 1.0594, which could be a departure point for a bullish correction. In this case, we should keep an eye on a resistance at 1.0698 -1 .0707 as an intraday target.

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