EUR/MXN Price Prediction: Potential Bull Flag forming
|- EUR/MXN has probably formed a Bull Flag price pattern.
- Such patterns signal the likelihood of more upside evolving.
EUR/MXN appears to be forming a Bull Flag price pattern, most clearly visible on the daily and weekly charts. Bull Flags are bullish continuation patterns.
EUR/MXN Daily Chart
A breakout from the flag square would confirm the completion and activation of the Bull Flag. This, in turn, would and probably signal more upside towards a target at around 22.52 (Grey dashed line). This is equal to the length of the pole extrapolated higher. A break above the 22.07 September 26 high would confirm the extension.
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