EUR/USD: bullish "Flag"

EUR/USD: bullish "Flag"

EUR/USD: bullish "Flag"

The price is consolidating between the levels 1.0774 – 1.0713. Also, there’s a bullish “Flag”, so the market is likely going to test the nearest resistance at 1.0797 – 1.0811. If a pullback from this area happens, there’ll be an opportunity to have another decline towards a support at 1.0754 – 1.0732.

EUR/USD: bullish "Flag"

We’ve got a consolidation, which is taking place on the one-hour chart. The main intraday target is the closest resistance at 1.0797 – 1.0811. However, if we see a pullback from these levels, bears will probably try to reach a support at 1.0754 – 1.0732.

 

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