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EUR/USD Technical Levels: Bull flag breakout favors a rally to 1.15

The EUR/USD pair's hourly chart is showing a bull flag breakout - a bullish continuation pattern - which represents a resumption of the rally seen before the pause.  

The flag breakout validates has opened up upside towards 1.1591 (target as per the measured move method). Essentially, prospects of a bullish end of the day close above the 100-day moving average (MA) of 1.1477 have improved, courtesy of the flag breakout.

The major moving averages (50, 100, and 200) are trending north, indicating a bullish setup. 

Tend: Bullish


EUR/USD


Overview:

    Today Last Price: 1.1455

    Today Daily change: 15 pips

    Today Daily change %: 0.131%

    Today Daily Open: 1.144

Trends:

    Previous Daily SMA20: 1.1399

    Previous Daily SMA50: 1.1376

    Previous Daily SMA100: 1.1479

    Previous Daily SMA200: 1.1639

Levels:

    Previous Daily High: 1.1486

    Previous Daily Low: 1.1422

    Previous Weekly High: 1.1586

    Previous Weekly Low: 1.1309

    Previous Monthly High: 1.1486

    Previous Monthly Low: 1.1269

    Previous Daily Fibonacci 38.2%: 1.1446

    Previous Daily Fibonacci 61.8%: 1.1461

    Previous Daily Pivot Point S1: 1.1413

    Previous Daily Pivot Point S2: 1.1386

    Previous Daily Pivot Point S3: 1.135

    Previous Daily Pivot Point R1: 1.1477

    Previous Daily Pivot Point R2: 1.1513

    Previous Daily Pivot Point R3: 1.154