EURUSD Short-term Bull Flag targeting top of Channel Down.

EURUSD held the 4H MA50 (blue trend-line) as Support both today and on Friday and is rebounding. This is a short-term Bull Flag within the 4-month Channel Down pattern that is targeting its top (Lower Highs trend-line).

As per the previous Bullish Leg of the Channel, we are targeting the 0.618 Fibonacci retracement level at 1.08300.

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