EUR/USD flag points to further gains
EUR/USD is back on a positive path, rallying heavily this week, with price breaking through the crucial $1.1335 resistance level yesterday. We are seeing a retracement coming into play currently, yet given the shallow slant of this move, it looks more like a continuation flag than anything indicative of something more bearish.
As such, further gains are expected, with $1.1465 the key resistance level to break for yet another higher high. This bullish outlook remains in play unless we see a move below $1.1335 for the short-term view and $1.1059 for the medium-term view.