EUR/USD – Stuck at 200-DM, flag and pole on 15-min chart

FX_IDC:EURUSD   Euro / U.S. Dollar
Post Fed offers around USD pushed EUR/USD             well above 1.10 handle, but the momentum ran out of steam near 200-DMA             level of 1.1075, leaving the spot in a flag and pole formation on the hourly chart.

At 1.1065, the currency pair is flirting with flag support, while flag resistance is seen at 1.1082

Bullish break would suggest a sharp recovery from 1.0960 (post Fed low) has resumed and could yield a test if 1.11-1.1130 levels.

On the other hand, a bearish break would not only market rejection at daily 200-Ma, but also shift risk in favor of a drop to 1.10960 levels (previous day’s low).
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out