EUR/USD’s bounce from Thursday’s low of 1.1226 has ended up creating a bear flag pattern on the 4-hour chart. A break below the lower edge of the flag, currently at 1.1243, would open up downside toward 1.1145 (target as per the measured move method). The EUR/USD pair is currently trading at 1.1250, representing a 0.10 percent drop on the day, having gained 0.10 percent and 0.15 percent in the previous two trading days. Both the US retail sales for March and the weekly jobless claims released last week suggested the world’s biggest economy did well in the first three months of 2019 than previously thought. As a result, the markets may put a bid under the greenback later today, yielding a flag breakdown on EUR/USD. 4-hour chart Trend: Bearish below 1.1243 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 AUD/USD: Sellers aim for 0.7095 support-line after breaking 100-day SMA FX Street 4 years EUR/USD's bounce from Thursday's low of 1.1226 has ended up creating a bear flag pattern on the 4-hour chart. A break below the lower edge of the flag, currently at 1.1243, would open up downside toward 1.1145 (target as per the measured move method). The EUR/USD pair is currently trading at 1.1250, representing a 0.10 percent drop on the day, having gained 0.10 percent and 0.15 percent in the previous two trading days. Both the US retail sales for March and the weekly jobless claims released last week suggested the world's biggest economy did well in the first three months… 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.
