Here I have EUR/GBP on the 1Hr Chart exhibiting a Flag Pattern that looks quite BULLISH.
Now my analysis on this pair is pieced together mostly Fundamentally given that EUR & GBP both went through the ringer this morning with the Purchasing Managers Index.
BUT, EUR will be taking the cake for the rest of the week for news with: German Business Climate & President Lagarde Speaking - Wednesday & Main Refinancing Rate, Monetary Policy Statement and ECB Press Conference - Thursday
If news turns out positive for EUR, that could give EUR what it needs to fulfill this Bull Flag and Break Bullish bringing the price higher!! -OR- Could make this Set-up impossible to find a legitimate entry.. KEEP A WATCHFUL EYE!!!