The Bearish Flag pattern has been formed on EURUSD at M15. The lower boundary of the pattern is located at 1.1517/1.1531 while the upper boundary lies at 1.1533/1.1547. The projection of the flagpole is 43 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 1.1517 is broken, the price will move further downwards.