EUR/USD: bearish "Flag" pattern

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19-2-2018-EUR-H4.png

The main trend is still bullish, but the price faced resistance at 1.2537, so there's a "V-Top" pattern. Therefore, the market is likely going to test the nearest support at 1.2493 - 1.2453, which could be a departure point for another upward price movement.

19-2-2018-EUR-H1.png

There's a bearish "Flag" pattern, so the pair is likely going to test the closes support at 1.2355 - 1.2325. However, if a pullback from these levels arrives little later on, we could have a bullish price movement in the direction of the next resistance at 1.2434 - 1.2456.

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