EUR/USD: 'Flag' pattern

EUR/USD: 'Flag' pattern

17-5-2018-EUR-H4.png

The main trend is still bearish. Also, there's a 'Flag' pattern, so the market is likely going to test the nearest support at 1.1762 - 1.1717. A pullback from this area could be a departure point for an upward correction.

17-5-2018-EUR-H1.png

We've got a bearish 'Flag' pattern, which is likely finished. So, the market is going to reach the next support at 1.1751 - 1.1717 in the coming hours. Meanwhile, if a pullback from this area happens little later on, there'll be a moment for a bullish correction.

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