EUR/USD analysis for August 17, 2023 – Potential bear flag pattern
August 17, 2023 9:22 am
Technical analysis:
EUR/USD has been trading upside this morning and I found potential for the bear flag pattern and end of upside correction.
Due to the downside condition in the background and potential bear flag pattern in creation, I see potential for the further drop towards lower references.
Downside objectives are set at the price of 1.0863 and 1.0835
Resistance level is set at the price of 1.0885
The material has been provided by InstaForex Company – www.instaforex.com
Technical
analysis:
EUR/USD
has been trading upside
this morning and I found potential for the bear flag pattern and end
of upside correction.
Due
to the downside condition in the background and potential bear flag
pattern in creation, I see potential for the further drop towards
lower references.
Downside objectives are
set at the price of 1.0863 and 1.0835
Resistance
level is set at the price of 1.0885
The material has been provided by InstaForex Company – www.instaforex.com
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