EUR/USD: "Flag" pattern

EUR/USD: "Flag" pattern


The last "Flag" pattern has been broken, so the price is consolidating. The main intraday target is the next support area at 1.1582 - 1.1560. If a pullback from these levels happens, there'll be an opportunity to have a bullish correction in the direction of the closest resistance at 1.1668 - 1.1695.


The price is consolidating between the levels 1.1615 - 1.1601. Also, there's a "Flag" pattern, so the pair is likely going to test the 55 Moving Average in the coming hours. If a pullback from this line happens little later on, we could have another decline towards the nearest support at 1.1574 - 1.1560.



EUR/NZD targeting the demand zone at 1.7015

The pair has been trading in a bullish tone since November 9th but currently it’s off from November 17th highs and we can expect that it finds dynamic support in the 200 SMA…


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