{"id":8205,"date":"2010-04-02T08:40:02","date_gmt":"2010-04-02T12:40:02","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=8205"},"modified":"2010-04-02T08:40:02","modified_gmt":"2010-04-02T12:40:02","slug":"forex-technical-analysis-eurusd-bearish-flag","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/04\/02\/forex-technical-analysis-eurusd-bearish-flag\/","title":{"rendered":"Forex Technical Analysis \u2013 EUR\/USD \u2013 Bearish Flag"},"content":{"rendered":"<p><strong>By Russell Glaser<\/strong> &#8211; The daily chart displays a bearish flag pattern has formed. This is a  continuation pattern in what may be a larger move lower for the  EUR\/USD.<\/p>\n<p>This flag pattern takes place in a well  defined bearish channel that began at the start of the EUR\/USD bearish  streak in December.<\/p>\n<p>Below the daily chart shows a bearish flag has formed, beginning with  the sharp depreciation of the pair when the price broke lower from the  long term trend line on March 17th. The lower border of the flag pattern  begins on March 25th at the swing low of the chart and the upper  channel line forming on March 28th. The flag pattern is sloping upwards,  the opposite direction of the long term trend.<\/p>\n<p>To measure the potential price move of the flag pattern, we can take  the measurement of the flagpole and project down from a break of the  lower line on the flag. This would be roughly 500 pips.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/04\/EUR_USD_DAILY_CHART.JPG\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone\" src=\"http:\/\/www.forexyard.com\/blog\/en\/wp-content\/uploads\/2010\/04\/EUR_USD_DAILY_CHART.JPG\" alt=\"\" width=\"595\" height=\"571\" \/><\/a><\/p>\n<p><em><strong>Forex Market Analysis<\/strong><\/em> provided by\u00a0<a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\"><strong>Forex        Yard.<\/strong><\/a><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and        may not be suitable for all investors. There is a possibility  that     you   could sustain a loss of all of your investment and  therefore  you     should  not invest money that you cannot afford to  lose. You  should  be    aware of  all the risks associated with Foreign  Exchange  trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Russell Glaser &#8211; The daily chart displays a bearish flag pattern has formed. This is a continuation pattern in what may be a larger move lower for the EUR\/USD. This flag pattern takes place in a well defined bearish channel that began at the start of the EUR\/USD bearish streak in December. Below the &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2010\/04\/02\/forex-technical-analysis-eurusd-bearish-flag\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Forex Technical Analysis \u2013 EUR\/USD \u2013 Bearish Flag&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-8205","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8205","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=8205"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/8205\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=8205"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=8205"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=8205"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}