EURUSD is clearly technically in an UPTREND trading above the MULTI-YEAR WEDGE pattern, also with August monthly close above it.. We now have this ascending FLAG formed up above the MULTI-YEAR WEDGE, with the lower bond line of the ascending FLAG acting as support since 20th of August until now..
My bias is still very much BULLISH on EURUSD as we have Thursday and Friday daily candle from last week both closed as PINBARS respectively at the support zone of the ascending FLAG , which can be considered continuation pattern in my opinion.
I will be looking out for buyer holding the support of the said ascending FLAG for more upside with the long term target @1.25000, with intended break above the FLAG.
WHILE a break below the FLAG will set price lower to 1.1660 zone
My bias is still very much BULLISH on EURUSD as we have Thursday and Friday daily candle from last week both closed as PINBARS respectively at the support zone of the ascending FLAG , which can be considered continuation pattern in my opinion.
I will be looking out for buyer holding the support of the said ascending FLAG for more upside with the long term target @1.25000, with intended break above the FLAG.
WHILE a break below the FLAG will set price lower to 1.1660 zone