Hello traders, for today on eurusd we see nice bearish flag formation. Previous days we've seen sell out and now correction is occuring. 1.195 is a very nice zone to watch cause looking left we see the structure and also it converges with 618 fib of a last leg of a move. from this perspective two options are possible: aggressive is to sell right now - trend continuation trading, expecting the market to continue going lower or wait for the breakout of flag pattern and sell afterwards anticipating continuation
no matter which strategy you choose I would recommend to set stop above 1.197 level