Wed, 21 Jan 2026 12:41:04 GMT
EUR/USD Technical Analysis: Bullish Pennant Formation and Key Levels
Price action is forming a classic Bullish Pennant pattern, a continuation pattern that typically appears after a strong upward movement, signaling that the market is taking a brief breather before potentially resuming its original trend. The pattern begins with a sharp, near-vertical move up, known as the flagpole, which represents strong buying momentum starting around the 20th. Following this, the