EUR/USD’s 15-min chart shows a bear flag breakdown. The pair risks falling to levels under 1.12. EUR/USD looks south with the 15-minute chart reporting a bear flag breakdown. That bearish continuation pattern has opened the doors for a drop to 1.1164 (target as per the measured move method). On the way lower, the psychological level of 1.12 may offer support. The flag breakdown would fail if the pair finds acceptance above 1.1242. That said, the immediate bias would turn bullish only above 1.13, a level which proved a tough nut to crack on Thursday. A move above 1.13 would also confirm a descending triangle breakout on the 4-hour chart and expose the June high of 1.1422. At press time, EUR/USD is trading largely unchanged on the day at 1.1235, having put in a high of 1.1242 early Friday. 15-min chart Trend: Bearish Technical levels FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next OPEC oil supply drops to lowest level in 30 years FX Street 3 years EUR/USD's 15-min chart shows a bear flag breakdown. The pair risks falling to levels under 1.12. EUR/USD looks south with the 15-minute chart reporting a bear flag breakdown. That bearish continuation pattern has opened the doors for a drop to 1.1164 (target as per the measured move method). On the way lower, the psychological level of 1.12 may offer support. The flag breakdown would fail if the pair finds acceptance above 1.1242. That said, the immediate bias would turn bullish only above 1.13, a level which proved a tough nut to crack on Thursday. A move above 1.13 would also… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
