Euro / U.S. DollarShort
EURUSD expectations
Hello folks, we could clearly see a bearish flag formation on the daily chart.
A bearish flag is a chart pattern that typically appears after a significant downward price movement in a financial instrument, followed by a brief consolidation period. The pattern resembles a flag on a flagpole, with a sharp decline followed by a sideways or slightly upward-sloping range, creating a flag-like shape on the price chart.
The breakout from the bearish flag pattern is usually expected to be to the downside.
A bearish flag is a chart pattern that typically appears after a significant downward price movement in a financial instrument, followed by a brief consolidation period. The pattern resembles a flag on a flagpole, with a sharp decline followed by a sideways or slightly upward-sloping range, creating a flag-like shape on the price chart.
The breakout from the bearish flag pattern is usually expected to be to the downside.
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