EUR/GBP: developing 'Flag' pattern

EUR/GBP: developing 'Flag' pattern

Information is not investment advice

The last 'Double Top' led to decline, so all the Moving Averages have been broken. It seems like we're going to have a 'Flag' in the coming hours. If this pattern confirms, bears are likely going to test the next support area at 0.8590 - 0.8574. The subsequent pullback from these levels could be a starting point for an upward correction towards the nearest resistance at 0.8616 and the Moving Averages.

1-5-2019-EUR-GBP-H4.png

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