FX.co - EUR/USD analysis for July 21 2021 - Bull flag pattern on intraday chart in creation

2021-07-21T12:03:33

Relevance until2021-07-21

Technical analysis:

EUR/USD analysis for July 21 2021 - Bull flag pattern on intraday chart in creation

EU(R/USD has been trading downwards but I see bull flag pattern in creation and potential for the further rally.

Trading recommendation:

Watch for the buying opportunities with the upside targets at the price of 1,1785 and 1,1800.

RSI is trading below 30 level, which is sign that there is extreme intraday reading...

Support level is set at 1,1752

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ EUR/USD analysis for July 21 2021 - Bull flag pattern on intraday chart in creation