Euro / Dolar A.S.
Panjang

EUR/USD LONG [BEARISH FLAG]

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EUR/USD has been in an uptrend since last May.

Previously it had formed a bearish flag that continued the uptrend.

Currently I see another possible bearish flag forming that could once again indicate a big buy that is about to happen.

The price is currently touching the bottom trend line which indicates a reversal to continue the bearish flag, and adding to the confluence the price is also at a important support level which the price is failing to break.

Therefore I expect the price to increase until the upper trend line completing the bearish flag pattern.
The expected movement of the price is shown by the grey path drawn.

Penafian

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