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FX.co ★ EUR/USD analysis for August 17, 2023 - Potential bear flag pattern

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Forex Analysis:::2023-08-17T08:45:12

EUR/USD analysis for August 17, 2023 - Potential bear flag pattern

Technical analysis:

EUR/USD analysis for August 17, 2023 - Potential bear flag pattern

EUR/USD has been trading upside this morning and I found potential for the bear flag pattern and end of upside correction.

Due to the downside condition in the background and potential bear flag pattern in creation, I see potential for the further drop towards lower references.

Downside objectives are set at the price of 1.0863 and 1.0835

Resistance level is set at the price of 1.0885

Analyst InstaForex
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