EUR/USD Flag Pattern

A possible bearish Flag pattern could be forming on the 4-hourly chart. If price were to break below the lower trend line, confirming the flag pattern, the target is at 1.1170. MACD is bearish but there is a bullish divergence warning. However on the slower ,12,26 and 9 parameter for MACD, there is no divergence warning. Stochastic is in the oversold zone but given the bearish trend, could stay weak.

Sell at 1.1215 for 1.1170 with a tight stop at 1.1245.

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