EUR/USD: bullish 'Flag' pushed pair higher
Read the article on FBS website
The last bullish 'Flag' led to the current upward price movement. The main intraday target is the next resistance at 1.1799 - 1.1829. A pullback from this area could be a starting point for a decline towards the nearest support at 1.1717 - 1.1661.
The market is rising because of the last 'Pennant' pattern. However, we've got a 'V-Top', so there's an opportunity to have a bearish correction. At the same time, if a pullback from the Moving Averages happens little later on, there'll be a moment to have another bullish price movement.