EURUSD POSSIBLE SETUPS

On EURUSD price is still very much technically and intactly in this UPTREND, trading above the multi-year WEDGE PATTERN i've shared and talked about in the past week.

We also have this BULL FLAG on the 4H and DAILY chart, inside which price have been trading since JULY, in my opinion i think this is simply price, price trying to gather strength for the next possibly IMPULSE BULL run.

Price is back at resistance zone of the BULL FLAG, rejection will indicate price still want to continue trading inside this BULL FLAG, indicating SHORT with target at the support level of the FLAG around 1.1500

WHILE a break above the FLAG will set price higher with target at the next level of resistance @ 1.2500 zone there about, it also worth to know we've a BULLISH ENGULFING weekly candle, we shall see how that reflect on price action in the new week.