EUR/USD: 'Flag' pattern led to decline

EUR/USD: 'Flag' pattern led to decline

29-5-2018-EUR-H4.png

The main trend is still bearish. There's a 'Flag' pattern, so the price is declining. It's likely that the market is going to test the nearest support area at 1.1478 - 1.1444, which could be a starting point for an upward correction.

29-5-2018-EUR-H1.png

The last 'Flag' pattern led to the current decline. However, we could have a local upward correction in the coming hours. Even so, bears are likely going to reach the next support at 1.1478 - 1.1444 little later on.

eur

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