eurusd downward flag pattern
eurusd had previously broken its downtrend and was priced at 1.1200. It has been falling since 1.1200 and is forming a downward flag formation. The price is currently both at the lower support line of this flag formation and at the 1.1000 region, which previously served as a resistance region, and if it receives support from this region, it will first rise to the upper line of the flag formation. In the event of a breakout, it is likely to rise to 1.1200 after a retest.
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