EUR/USD: "Flag" pattern

EUR/USD: "Flag" pattern

2-8-2017-EUR-H4.png

The price is consolidating between the levels 1.1846 - 1.1776. Also, there's a "Flag" pattern, so the market is likely going to test the nearest resistance at 1.1846 - 1.1875. If a pullback from this area happens, there'll be an opportunity to have a decline towards the closest support at 1.1801.

2-8-2017-EUR-H1.png

We've got a "Flag" right under resistance at 1.1846. It's likely that the price is going to test the lower side of this pattern. Anyway, bulls will probably try to test the next resistance at 1.1846 - 1.1875 afterwards.

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