EURUSD – Daily Forex Technicals by ForexHound.com April29th

Euro has formed a bearish flag formation, after a 400 points drop in the last couple of days we witnessed a consolidation around the 1.5650 area before the pair starting to move lower. Euro has formed a bearish flag formation, after a 400 points drop in the last couple of days we witnessed a consolidation around the 1.5650 area before the pair starting to move lower. The 1.5500 zone will most likely offer some strong support and a break below will shift focus toward the 1.50 level as the next major bearish target.

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