Like most of the market, EURUSD reacted strongly on April 22–23 with a sharp move down. Since then, price has entered a consolidation phase — and thIS pause has now taken the shape of a bear flag, a classic continuation pattern that often leads to further correction once confirmed.
📉 Key levels to watch:
1.1350 – Initial trigger for the flag break
1.1300 – Confirmation of bearish momentum
Target: 1.1100
Invalidation: A return above 1.1500 would negate the pattern and call for reassessment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
📉 Key levels to watch:
1.1350 – Initial trigger for the flag break
1.1300 – Confirmation of bearish momentum
Target: 1.1100
Invalidation: A return above 1.1500 would negate the pattern and call for reassessment.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Trade active
EurUsd broke the flag pattern and now is sitting on horizontal supportI expect a break here also and 1.11 remains the target
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.