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EUR/USD - this looks like a bullish continuation

The EUR/USD has been bullish in August, and it looks like it will continue to be so. 

EUR/USD 1H Chart 8/22

(click to enlarge)

Flag breakout:
- The 1H chart shows that EUR/USD is indeed bullish as it makes higher highs and higher lows in August. 
- However, after tagging 1.1360, EUR/USD started to slide last week. 
- Price extended lower to start the week, but eventually found support above 1.1270.
- Then as we got into the 8/22 US session, price broke above what looks like a flag pattern.
- Let's see if price can now anchor above 1.13. If so, we should have even more confidence of the bullish continuation scenario.

Bullish continuation scenario:
- The upside risk extends beyond the 1.1365 resistance area.
- Looking at the daily chart below, we can see a critical resistance zone between 1.15 and 1.17.
- We should probably expect a bullish market until price gets into this wide resistance area. 
- Note the breakout in a larger time-frame in the daily chart. However, we should limit the bullish outlook for now to the 1.16 area (middle of the resistance zone).

EUR/USD daily chart

(click to enlarge)