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I've been trading for 15 years, so I have a lot of things to share. I use the classic technical analysis, which is one of the most powerful tool for any trader.

EUR/USD: "Flag" points to new local low

EUR/USD: "Flag" points to new local low

There’s a local consolidation, which is taking place under the nearest resistance at 1.1032. So, the price is likely going to test a support at 1.0951 in the short term. If a pullback from this level happens, there’ll be an opportunity to have a bullish price movement towards a resistance at 1.1045.

EUR/USD: "Flag" points to new local low

We’ve got a “Flag” on the one-hour chart, so bears are likely going to reach the next support at 1.0960 – 1.0951 during the day. At the same time, there’s an option to see an upward movement in the direction of the 34 Moving Average afterwards.

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