Tag Archives: technical analysis

EURGBP monthly chart

EURGBP prints continuation pattern on monthly chart; finds support

EURGBP shows flag-like continuation pattern on Monthly Chart Flag or pennant-like chart patterns are trend continuation patterns. They consists of two key features: a ‘flagpole’ and a ‘flag’ or ‘pennant’. The flagpole represents the initial impulse and the flag represents a consolidation / retracement movement.