EURUSD - Breaks the flag to the downside
EURUSD - Intraday - We look to Sell at 1.0830 (stop at 1.0860)
Trading within a Bearish Channel formation. Trend line support is located at 1.0623. Price action looks to be forming a bearish flag/pennant. The formation has a measured move target of 1.0640. Bespoke resistance is located at 1.0830.
Our profit targets will be 1.0640 and 1.0625
Resistance: 1.0830 / 1.0900 / 1.0927
Support: 1.0766 / 1.0640 / 1.0623
Trading within a Bearish Channel formation. Trend line support is located at 1.0623. Price action looks to be forming a bearish flag/pennant. The formation has a measured move target of 1.0640. Bespoke resistance is located at 1.0830.
Our profit targets will be 1.0640 and 1.0625
Resistance: 1.0830 / 1.0900 / 1.0927
Support: 1.0766 / 1.0640 / 1.0623
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