EUR/USD Broke Bull-Flag: New Highs Coming?
EUR/USD broke through the bull-flag that it's been following since July, signalling new bullish movement ahead.
For now, my target is placed at $1.21, the 2017 high. It's the first big resistance that we will face in the coming month. The next target would be the 2018 high, around 1.26, but its too early to call that a possibility. Let's first wait out the coming month how the US election are going to unfold.
Overall, I'm very bullish on EUR/USD since it managed to break through a descending trend line that it's been following since 2008.
For now, my target is placed at $1.21, the 2017 high. It's the first big resistance that we will face in the coming month. The next target would be the 2018 high, around 1.26, but its too early to call that a possibility. Let's first wait out the coming month how the US election are going to unfold.
Overall, I'm very bullish on EUR/USD since it managed to break through a descending trend line that it's been following since 2008.
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