EUR/USD flag pattern
The EUR/USD is looking to break a bullish flag, providing an opportunity to long the pair with the target back at the 1.2553 highs. This would complete an ABCD pattern, on the back of the 61.8% retracement holding. Ultimately, at that point, we'd be interested sellers, as we don't believe this pair has the legs to go on a bigger bullish move.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.