Daily Chart: "Bear Flag" in EURUSD, Objective now at 1.3560

[RTFX-Trading]

Daily Chart: "Bear Flag" in EURUSD, Objective now at 1.3560

The two blue lines that you see on the chart below is a "Bear Flag". This configuration is a figure of continuation of the trend; it indicates that the EURUSD should break support at 1.4290 and then drop to 1.3560. I remind you that 200 day Moving Average is today at 1.4232.

[IMG]http://www.rtfx.com/images/news/EURUSDB060110.gif[/IMG]

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