There is a descending channel encountered and EUR/USD requires a bit more consolidation to confirm descending channel breakout.
A descending channel often signals a next move up in case if price breaks through the resistance.
EUR/USD violates bearish trendline towards the 1.08 zone while above 1.078.
EUR/USD: Bullish Flag
EUR/USD,
1 hour
LONG
Jul 6
A bullish flag has been recognized.
A bullish flag tends to be a price action indicator that often results in a potential bullish reversal in price action in case if price breaks out.
EUR/USD is bullish and en route to 1.09 on a breakout of the bullish flag.
EUR/USD: Pennant
EUR/USD,
1 hour
SHORT
Jan 16
A pennant is close to being done.
A pennant often results in extending an downtrend when price breaks down.
EUR/USD risks extra downside towards the 1.094 mark on a breach of 1.0944.
EUR/USD: Bullish Flag
EUR/USD,
1 hour
LONG
Jul 12
There is a bullish flag materializing.
A bullish flag identifies a specific bullish price pattern with a downward bias that often signals a move up once price breaks above resistance.
A bullish continuation to 1.103 looks likely on a breach of 1.1018.
EUR/USD: Descending Channel
EUR/USD,
4 hours
LONG
Feb 16
A descending channel emerges, the price is about to break out now.
A descending channel is a specific indicator that typically predicts a break during a downtrending market if price breaks above resistance.
EUR/USD to move upward to the 1.08 level.
EUR/USD: Pennant
EUR/USD,
1 hour
SHORT
Sep 5
A pennant is revealed.
A pennant typically signals the more likely potential of falling prices when price breaks out to the the downside.
It is possible that a move to 1.078 will be made.
EUR/USD: Symmetrical Triangle
EUR/USD,
1 hour
LONG
Dec 13
It looks like a symmetrical triangle has been recognized, the price wants a next bullish move as a clue of a breakout.
When price breaks out, the move could identify that prices are likely to keep rallying upward.
EUR/USD turns bullish towards the 1.081 level on a break above 1.0798.
EUR/USD: Rectangle
EUR/USD,
1 day
SHORT
Feb 1
There is a rectangle materializing and EUR/USD lacks an active bearish continuation as an indication of a breakout.
A rectangle is considered to be a useful bearish price action indicator that often signals the bulls have run out of steam in case if price breaks through the support.
It is likely that a bearish run towards the 1.08 level will occur as the currency pair becomes bearish.
EUR/USD: Rising Wedge
EUR/USD,
1 hour
SHORT
Sep 13
There is a rising wedge uncovered, the price is about to break out.
Once price breaks out, the move could indicate that the price to go short.
It is possible that a bearish continuation towards 1.073 will occur.
EUR/USD: Descending Channel
EUR/USD,
1 hour
LONG
Jul 6
It looks like a descending channel has been distinguished.
A descending channel often results in a breakout higher if price breaks out.
It is likely that a rangebound to the 1.09 level will be made.
EUR/USD: Ascending Channel
EUR/USD,
1 hour
SHORT
Oct 18
We can see that an ascending channel has been encountered, the price breaks out now.
An ascending channel typically identifies the bulls have run out of steam once price breaks below support.
EUR/USD to drop to 1.054 while lower than 1.0565.
EUR/USD: Ascending Triangle
EUR/USD,
4 hours
LONG
Mar 5
There is an ascending triangle discovered, the price is ready to break out soon.
An ascending triangle typically results in that the price to go up in case if price breaks through the resistance.
EUR/USD to surge considerably to 1.088 on a breach of 1.0865.
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EUR/USD