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)