EUR/USD: bullish 'Flag' pushed pair higher

EUR/USD: bullish 'Flag' pushed pair higher

6-6-2018-EUR-H4.png

The last bullish 'Flag' led to the current upward price movement. The main intraday target is the next resistance at 1.1799 - 1.1829. A pullback from this area could be a starting point for a decline towards the nearest support at 1.1717 - 1.1661.

6-6-2018-EUR-H1.png

The market is rising because of the last 'Pennant' pattern. However, we've got a 'V-Top', so there's an opportunity to have a bearish correction. At the same time, if a pullback from the Moving Averages happens little later on, there'll be a moment to have another bullish price movement.

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