Recently, the EUR/USD pair has been trading sideways at the price of 1.0600. According to the 4H time frame, I found a bearish flag formation inside of downward channel, which is a sign that sellers are in control and that buying looks risky. My advice is to watch for potential selling opportunitties. The short-term trend is downward.
Trading recommendations for today: watch for potential selling opportunities.
The material has been provided by InstaForex Company – www.instaforex.com
Source:: EUR/USD analysis for April 12, 2017