Strong pattern structure seen on EU as we head into the new week
Locally, we have a bearish flag pattern forming between 1.0766/1.0875. Also noteworthy is a large potential bearish pennant pattern between 1.1147/1.0635.
A close out of the bearish flag and nearby pennant pattern might give rise to a fresh wave of selling this week.
A close out of the bearish flag and nearby pennant pattern might give rise to a fresh wave of selling this week.
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