EUR/USD on another bull flag breakout?
- EUR / USD is currently trading near year high.
- Looking at the EUR/USD, we could see that it has broken through the trading range of 1.16 to 1.20.
- Small bull flag formed. Probability wise, EUR/USD has a higher chance of going higher and bulls could look to buy with stop below low of consolidation.
- The pair has a potential upward swing towards 2018 high at 1.25. On the other hand, a fail breakout might see prices at 38% Fibo retracement level of 1.16, which also coincides with Sep and Oct low.
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