Flag on EUR/USD

Flag on EUR/USD

Last week, the EUR/USD currency pair kept the key offer zone of 1.24250-1.24450, which caused the bearish sentiment. The technical pattern indicates a further correction of the trading instrument. At the moment, the classical figure, Flag, (H1 timeframe) has been formed, which is a continuation form of the current trend. The round level of 1.23000 is a key support. We recommend you to pay attention to this situation.

If the price fixes below 1.23000, you need to look for entry points to the market to open short positions. The closest target for profit taking is the support level of 1.22500. In the medium term, EUR/USD may reach 1.22000-1.21600. When tracking the position, we recommend using a trailing stop.

by JustForex, 2018.03.12

Este artículo representa una opinión personal y no debe interpretarse como un consejo de inversión, y/u oferta, y/o una petición persistente para llevar a cabo transacciones financieras, y/o una garantía, y/o un pronóstico de eventos futuros.

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