From the daily timeframe of EUR/USD, price action has been compressing between two parallel lines to form a potential bearish flag pattern ($1.0448 and $1.0635). With the pair currently testing the limits of the pattern’s lower boundary, a breakout to the downside could be on the table over the coming days. However, for a breakout lower to unfold, critical support from $1.0517 would need to be dethroned. As of writing, this level is proving troublesome to overcome. {chart} Commodities: WTI Oil Fast Approaching 200-Day SMA/AB=CD Confluence Daily Timeframe – As you can see from the daily timeframe of WTI oil, the unit ... (full story)