EURUSD – Daily Forex Technicals by ForexHound.com June 3rd

EURUSD is still inside the consolidation range we noticed yesterday and it is forming a bearish flag pattern, marked by the two trendlines on our chart. A confirmation break of this pattern will open up the 1.53 level as the main target for shorts. EURUSD is still inside the consolidation range we noticed yesterday and it is forming a bearish flag pattern, marked by the two trendlines on our chart. A confirmation break of this pattern will open up the 1.53 level as the main target for shorts. For an aggressive entry the 1.56 area could present us with a decent opportunity, having tight stops just in case the pair builds some additional momentum.

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