1.28, flag pattern: The correction rally in EUR/USD continued during the 11/15 session, until the key 1.28 level. The 1H chart shows the decline break below a correction channel, fall back below the 200-hour SMA and push the RSI reading below 40. The “channel” could be interpreted as a flag pattern…
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EUR/USD Turns Away from 1.28, Breaks Correction Channel