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FPMarkets

Strong pattern structure seen on EU as we head into the new week

Short
Euro / U.S. Dollar (FX:EURUSD)  
FPMarkets Broker  
FX:EURUSD   Euro / U.S. Dollar
Trend Analysis Chart Patterns
3
0
trendanalysis chartpattern
Locally, we have a bearish flag pattern forming between 1.0766/1.0875. Also noteworthy is a large potential bearish pennant pattern between 1.1147/1.0635.

A close out of the bearish flag and nearby pennant pattern might give rise to a fresh wave of selling this week.
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