EUR bullish flag?

Good Morning Dynamic Traders

Let's check in on the EUR as mentioned last week by myself and Bijal. Since the last update we've seen price pierce into the resistance zone with a FBO and is now doing a pullback/breather. Price is obviously having a hard time breaking through this cluster of resistance. But we may well see another attempt soon. Price has tagged a fib breather level and although still early in the trading day, today is forming a bullish candle . Price is now being squeezed between the strong TL support and the R zone above - so it will soon have to make a decision either way!

















Remember the trend is our friend and should we have a bullish flag formation, this may well suggest a continuation of the rally. But this flag wouldn't be confirmed until we break the recent high and ideally have a BOB beyond the R zone.

Some of you may already be in this trade and patience is key. Price will always have these pullbacks and as Dynamic Traders you know that consistency and success comes from planning your trade and trading your plan!

Here's to great trading.

Sonia Molina