Euro / U.S. Dollar
Long

Bullish Flag Formation Signals Potential Uptrend on EUR/USD

377
This chart shows a clear bullish flag pattern on the EUR/USD 3-hour timeframe. After a strong impulsive move upward, the price is consolidating within a downward-sloping channel, characteristic of a flag formation. The Ichimoku Cloud supports the consolidation zone, with price currently testing the lower boundary of the flag. A breakout above the upper trendline would confirm continuation of the bullish trend. The chart indicates a strong potential for an upward breakout following the flag’s structure, in line with the prevailing bullish momentum. This setup favours bulls, anticipating continuation of the uptrend once resistance is cleared.

Entry Buy : 16400
First Target: 1.17500
Second Target : 1.18100

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