Mt.BFX

Bear flag E/U - Short.

FX_IDC:EURUSD   Euro / U.S. Dollar
Lower lows on RSI and in price action indicate that this bear flag will break and continue falling until it hits lower level support.
For fibonacci traders this is also around the 1.618 area. First stop may be 0.93320 before a final rollover to 0.89.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.