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You are here: Home / Forex News / EUR/USD Stalls in a Flag Pattern at 61.8% Retracement

EUR/USD Stalls in a Flag Pattern at 61.8% Retracement

August 22, 2012 by Forex.ch Leave a Comment

The EUR/USD broke above the August high during the 8/21 US session, also clearing some resistance factors for a consolidation and a declining trendline that goes back to the June high of 1.2747 shown more clearly in the daily chart below. The 1H chart shows a market that is establishing bullish

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EUR/USD Stalls in a Flag Pattern at 61.8% Retracement
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