EUR/USD: bullish "Flag"
1/17/2017
There’s a consolidation, which is taking place between the nearest resistance at 1.0669 and the 89 Moving Average. Also, we’ve got a “Flag” pattern, so bulls are likely going to test a resistance at 1.0697 – 1.0709. If a pullback from this area happens, there’ll be an opportunity to have another decline.
The price is consolidating in a support area between the levels 1.0655 – 1.0590. Meanwhile, there’s a “Flag” pattern, so the market is likely going to reach the nearest resistance at 1.0697 – 1.0709. Considering a possible pullback from these levels, there’s a chance to have a decline towards a support at 1.0626 – 1.0620 in the short term.
More:
https://fxbazooka.com/analytics/12067
1/17/2017
There’s a consolidation, which is taking place between the nearest resistance at 1.0669 and the 89 Moving Average. Also, we’ve got a “Flag” pattern, so bulls are likely going to test a resistance at 1.0697 – 1.0709. If a pullback from this area happens, there’ll be an opportunity to have another decline.
The price is consolidating in a support area between the levels 1.0655 – 1.0590. Meanwhile, there’s a “Flag” pattern, so the market is likely going to reach the nearest resistance at 1.0697 – 1.0709. Considering a possible pullback from these levels, there’s a chance to have a decline towards a support at 1.0626 – 1.0620 in the short term.
More:
https://fxbazooka.com/analytics/12067