EUR has charted a bull flag pattern on the 4-hour chart. A breakout would open the doors for 1.1320. EUR/USD’s pullback from Oct.21’s high of 1.1179 to 1.1106 has taken the shape of a bull flag on the 4-hour chart. A bull flag represents a pause which usually refreshes higher. A 4-hour close above 1.1134 would confirm a flag breakout and open up upside toward 1.1320 (target as per the measured move method). The bullish case would weaken if the spot drops below the ascending 50-candle moving average (MA), which has acted as strong support Oct. 2. As of writing, the pair is largely trading unchanged on the day at 1.1130. 4-hour chart Trend: Bullish 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 Japan Jibun Bank Manufacturing PMI hits lowest since June 2016 FX Street 3 years EUR has charted a bull flag pattern on the 4-hour chart. A breakout would open the doors for 1.1320. EUR/USD's pullback from Oct.21's high of 1.1179 to 1.1106 has taken the shape of a bull flag on the 4-hour chart. A bull flag represents a pause which usually refreshes higher. A 4-hour close above 1.1134 would confirm a flag breakout and open up upside toward 1.1320 (target as per the measured move method). The bullish case would weaken if the spot drops below the ascending 50-candle moving average (MA), which has acted as strong support Oct. 2. As of… 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.
