EUR/USD continued its mini-down-trend till it found support at the 1.0818 lows, rebounding very sharply from there yesterday, and forming what looks like an incomplete a-b-c correction – or a sort of flag pattern.
Both interpretations would anticipate a further move higher, which will probably reach the 1.1048 support and resistance level. Such a move would be confirmed by a break above the flag highs at 1.0968.
EUR/USD continued its mini-down-trend till it found support at the 1.0818 lows, rebounding very sharply from there yesterday, and forming what looks like an incomplete a-b-c correction – or a sort of flag pattern.
Both interpretations would anticipate a further move higher, which will probably reach the 1.1048 support and resistance level. Such a move would be confirmed by a break above the flag highs at 1.0968.