EUR/USD: bullish 'Flag' pattern

EUR/USD: bullish 'Flag' pattern


The pair faced with support at 1.2335, so the price is consolidating. It's likely that the market is going to test the next resistance at 1.2344 - 1.2358 in the short term. A pullback from this area could be a departure point for a bearish correction.


There's a 'Flag' pattern, so bulls are going to reach the nearest resistance at 1.2358 in the coming hours. If a pullback from this level forms little later on, there'll be a moment for a downward correction.



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