EUR/USD Bear Flag Pattern ? Reaches 38.2% Fib of Wave 4 ☝️

2 min read

Dear Traders,

the EUR/USD made a bullish retracement towards the 38.2% Fibonacci retracement level as expected. The correction occured in a typical bear flag chart pattern and a new bearish continuation could occur when price breaks below the bear flag towards the 38.2% Fib at 1.15.

The GBP/USD is in a contracting triangle chart pattern and could stay volatile within this range.

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  • EUR/USD, GBP/USD technical analysis
  • Review of patterns, trends, key S&R levels
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  • Beginner friendly, explaining concepts in more detail

See the video below for all of the details

Many Green pips,

Chris Svorcik


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