EURUSD Bulls Are Ready to Break the Flag

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EURUSD Bulls Are Ready to Break the FlagEUR/USDOANDA:EURUSDGoldenPearl_tradEURUSD pushed sharply higher, with buyers taking clear control and driving price upward with strong momentum. After that impulsive move, price began to pull back inside a small descending channel. This looks like a bullish flag rather than a reversal. Sellers are trying to bring the pair lower, but the pullback remains controlled and each dip is being absorbed. Buyers are now waiting for a clear break above the upper boundary of the flag. A strong breakout would confirm that the correction is over and that bullish momentum is ready to return. I expect the next move higher to reach the 1.1750 area. This is only a market idea, not financial advice.