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EUR/USD: 'Flag' pattern

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31-8-2018-EUR-H4.png

The market is consolidating between the levels 1.1745 - 1.1654. Also, there's a 'Flag' pattern, so the price is likely going to test the next resistance at 1.1717 - 1.1745 in the coming hours. A pullback from this area could lead to a downward correction.

31-8-2018-EUR-H1.png

There's a local 'Pennant', so the pair is going to achieve the closest support 1.1679 - 1.1661. This area could be a departure point for a bullish price movement towards the nearest resistance at 1.1717 - 1.1745.

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