EURUSD Bearish Flag Breakdown on Apr 5th, 2022

There is a Breakdown of the bearish Flag formation in the daily chart of EURUSD.

First Target: 1.05 (i.e. 450-400 pips)
Second Target: 1.03 ( i.e. 650-600 pips)

The first Target may get fulfilled by this weekend or early next week and the second Target may get fulfilled by late next week.

Moreover, keeping in mind the inflation in Euro zone and the rate hikes expected by the Fed, the target looks tangible.

- Tirth