Trend has shifted bearish on the MACD and we may see a pullback towards Daily S1, SMA200, the lower band of the Flag and also the important Yearly S2/1,08 Support level, which has been important throughout 2015 as Range low.
Generally, the flag pattern suggests more upside. A good strategy would be to look for longs just above 1,08 or perhaps wait and hope for a bounce and test of the Weekly Pivot Point at 1,0791. However IF price breaks and close below the Weekly Pivot Point we may see further losses and perhaps a retest of the broken Monthly Pivot point at 1,0723. Long scalps should aim for the upper flag band or the current high as a target (Daily PP or Daily R1) but a bounce off of the Weekly Pivot point (1,0791) may take price up to test the Weekly R1 at 1,1064. The 50% Fib of the whole bearish swing at 1,1008 will also be a strong resistance level.
Note that the 1,0890 level is also a confluence level (61,6 Fib of the whole down swing/Daily PP and Monthly R1 as well as the upper band of the Flag.
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A Morning Star Candle Stick Pattern has been formed right by the support level.