EUR/USD Bull Flag

DannyBly

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Looking at the daily EUR/USD chart we can see a bull flag has formed.

Bull flags are defined by lower tops and lower bottoms, with the pattern slanting against the trend.

Price is currently pressed right up against the upper flag trend line. The bull flag is a continuation pattern - suggesting that if price can break out to the upside, the uptrend (reflected in the mast of the flag) will continue -

eurbull.jpg
 
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