EURUSD possible bull flag inside an uptrend channel

6 Mar 2021

We have anticipated the falling range before it happened. We are now in a critical area where all the indicators on daily timeframe are on the oversold area. We closed below EMA 21 after hitting the bottom of our identified falling channel inside a long uptrend channel . It could be a bull flag as well. Long positions seems appropriate but failing to bounce we need to reverse course till we hit the next support.