Possible Flagpole & Pennant pattern formation

6 Eki 2015

EURUSD A possible flagpole & pennant formation has been identified on the 30 minute time interval for this pair. Price action is in a contraction phase until a retest of 1.1152 support as indicated on the orange horizontal trendline. Resitance is 1.1207 followed by 1.1292, and then a possible breakout above equaling the size of the flag pole targeting 1.1488.