EUR/USD appears to be cutting a bull-flag (or pennant, take your pick..) on the hourly charts but the flag is getting a little long, and thus a bit floppy. If prices don’t rally in the next couple of hours, the flags gonna hit the ground.
EUR/USD found support after the Hypo Real Estate news at 1.2942 and trades now at 1.2955. 1.2985/90 is resistance on the topside.
