Voyager

Massive Flag Pattern on EURUSD monthly chart

FX:EURUSD   Euro Fx/U.S. Dollar
73 0 1
Do we break out and set Fire to the Dollar???

Target tomorrow: 1.40 = 1.618 fib extension of today's swing. Other scenario is back to 1.382 = 1.618 fib extension in reverse = 0.618 fib 1.492 H / 1.204 L

1.382 plus a little above and below is a very important S/R zone; look back @ 1995!!
It is also the zone where the Euro             was meandering in the past weeks.

1.40 = Slightly overbought ( RSI 14) @ Daily and breaks the upper line of longterm resistance
1.42 = Starting to be overbought ( RSI 14) on the Weekly and could be the target for the end of the week
1.424 = 0.764 fib 1.492 H / 1.204 L

This 1.38 - 1.42 range can also form a massive pinbar on the weekly for the "south" scenario.
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