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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" brought a flat into the market

Sergey Logachev

EUR/USD: "Flag" brought a flat into the market

The price has been moving up and down between a resistance at 1.1364 and a support at 1.1269. Also, there's a possible downward “Wadge”, so the market is likely going to reach the 55 Moving Average. If we see a pullback from this line, bulls will have an opportunity to break the “Wadge’s” upper side.

EUR/USD: "Flag" brought a flat into the market

There's a flat in progress under the local downtrend line. It's likely that the market is going to reach a resistance at 1.1339 – 1.1348 in the short term. Considering a possible pullback from this area, we should keep an eye on the nearest support at 1.1295 as a possible bearish target.

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