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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" strengthen bearish pressure

EUR/USD: "Flag" strengthen bearish pressure

The price faced a resistance on the 34 Moving Average, which led to a local decline. Also, there’s a “Pennant”, so the market is likely going to get a support at 1.0939 – 1.0911. If a pullback from here happens afterwards, there’ll be a chance to see an achievement of the next resistance at 1.1032 – 1.1045.

EUR/USD: "Flag" strengthen bearish pressure

There’s a local flat in progress, which can turn out into a “Triangle” pattern. Therefore, the pair is likely going to reach a support at 1.0939 – 1.0911 in the short term. However, bulls will probably try to catch a resistance at 1.1032 – 1.1045 later on.

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