FX.co - EUR/USD analysis for July 27, 2022 - Bear flag pattern in creation

2022-07-27T12:02:51

Relevance until2022-07-28

Technical analysis:

EUR/USD analysis for July 27, 2022 - Bear flag pattern in creation

EUR/USD has been trading in the upside channel mode and there is potential for the downside continuation breakout.

Trading recommendation:

Due to the bear flag pattern in creation, I see potential for the further downside continuation.

Watch for potential selling opportunities in case of the downside breakout.

Downside objectives are set at the price of 1.0110 and 1.0000

Resistance is set at the price of 1.0180

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ EUR/USD analysis for July 27, 2022 - Bear flag pattern in creation