There is a Breakdown of the bearish Flag formation in the daily chart of EURUSD.
First Target: 1.05 (i.e. 450-400 pips)
Second Target: 1.03 ( i.e. 650-600 pips)
The first Target may get fulfilled by this weekend or early next week and the second Target may get fulfilled by late next week.
Moreover, keeping in mind the inflation in Euro zone and the rate hikes...
GBP can be the best trade starting from 4th may . It can be most effective to "GBPCHF,EURGBP,GBPNZD,GBPCAD and GBPAUD."
JPY can also be the best trade starting from 4th may . It can be most effective to"EURJPY,CADJPY,AUDJPY,CHFJPY and NZDJPY."
![GBPCHF: Long GBP[great britan pound] and JPY[japnese yen]](https://s3.tradingview.com/j/J1xtDd7B_mid.png "Long GBP[great britan pound] and JPY[japnese yen]")
![DJI: Short DJI [us 30]](https://s3.tradingview.com/5/5Ean6yda_mid.png "Short DJI [us 30]")
