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.
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.