EUR/USD: bearish 'Flag'

EUR/USD: bearish 'Flag'


The main trend is bearish. It's likely that the pair is going to test the next support at 1.2003 - 1.1975 in the coming hours. A pullback from this area could be a starting point for an upward correction towards the nearest resistance at 1.2017 - 1.2027.


The market is consolidating between the levels 1.2003 - 1.1975. Also, there's a bearish 'Flag', so the price is likely going to achieve another support at 1.1941 - 1.1914. If a pullback from these levels happens little later on, there'll be time for a bullish correction.



Latest news

EUR/CHF looks ill

This week EUR/CHF broke below the 100- and 50-day MAs at 1.0966 and 1.0954 respectively.

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