logo

FX.co ★ EUR/USD analysis for July 22 2021 - Bull flag pattern on intraday chart in creation and potential for rally towards 1.1850

EUR/USD analysis for July 22 2021 - Bull flag pattern on intraday chart in creation and potential for rally towards 1.1850

Technical analysis:

EUR/USD analysis for July 22 2021 - Bull flag pattern on intraday chart in creation and potential for rally towards 1.1850

EUR/USD has been trading sideways at the price of 1,1800 and waiting for the ECB press conference.Anyway, there is potential for the upside movement based on the current condition.

Trading recommendation:

Watch for potential buying opportunities due to the bullish flag pattern on intraday charts and the falling wedge on the longer time frame charts.

Upside targets are set at the price of 1,1820 and 1,1850

Stochastic is showing fresh bull cross, which is another sign and confirmation for the upside movement.

Support is set at 1,1780

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account