As we can see a descending triangle occurs and the price breaks out.
A descending triangle can be thought of as a technical bullish chart indicator that often spots the bears have run out of steam once price breaks through the resistance.
A bullish move towards the 1.086 zone is possible.
EUR/USD: Descending Triangle
EUR/USD,
1 hour
LONG
Mar 29
A descending triangle is close to being completed and the price is ready to break out.
A descending triangle indicates a downward trend is nearing its end when price breaks out.
EUR/USD to peak to 1.078 as the currency pair sticks to the positive mood.
EUR/USD: Rising Wedge
EUR/USD,
4 hours
SHORT
Apr 10
It seems like a rising wedge is almost done and EUR/USD asks for a further bearish action as an indication of a breakout.
A rising wedge tends to be a useful indicator that is used to identify that the price to go short in case if price breaks out.
EUR/USD does not rule out a move to 1.082 on a downside break as the currency pair becomes under pressure.
EUR/USD: Ascending Channel
EUR/USD,
4 hours
SHORT
May 9
An ascending channel happens, the price is ready to break out.
An ascending channel typically signals a bearish price move in case if price breaks through the support.
EUR/USD to resume its downfall towards 1.094 on a breakout of the ascending channel as minor hurdle remains at 1.096.
EUR/USD: Symmetrical Triangle
EUR/USD,
1 hour
LONG
Dec 18
It looks like a symmetrical triangle takes place, the price is about to break out now.
A symmetrical triangle describes a formation that can be used to predict a sharp rise once price breaks out to the the upside.
EUR/USD opens door for a move to the 1.094 zone on impulse above 1.0925 as the currency pair resumes the upside.
EUR/USD: Ascending Channel
EUR/USD,
1 hour
SHORT
Jul 27
The price shows an ascending channel and the price demands a next move as a clue of a breakout.
An ascending channel is believed to be a compelling bearish chart formation that typically identifies prices are likely to keep falling downward if price breaks out to the the downside.
A further bearish push down to 1.106 is possible.
EUR/USD: Bearish Flag
EUR/USD,
4 hours
SHORT
Jan 15
EUR/USD builds a bearish flag and the price breaks out.
In case if price breaks down, the move could identify a next move down.
It is likely that a bearish run towards 1.094 will occur.
EUR/USD: Bullish Flag
EUR/USD,
4 hours
LONG
Nov 13
A bullish flag is almost completed and the price is going to break out now.
A bullish flag typically indicates price heading to a new direction if price breaks out to the the upside.
There is a possibility of a bullish move towards the 1.07 mark as the currency pair probes 1.0695 hurdle.
EUR/USD: Rectangle
EUR/USD,
1 hour
SHORT
Nov 7
There is a rectangle diagnosed and the price breaks out soon.
A rectangle can be thought of as a reliable bearish price signal that identifies the bulls have run out of steam when price breaks out to the the downside.
EUR/USD to continue the dereciation trend towards the 1.071 zone once below 1.0716.
EUR/USD: Ascending Channel
EUR/USD,
1 hour
SHORT
Oct 2
There is an ascending channel emerging, the price requires more pullback as a clue of a breakdown.
An ascending channel typically predicts a bearish price action if price breaks out.
It is likely that a bearish push down to the 1.056 zone will take place.
EUR/USD: Ascending Channel
EUR/USD,
1 hour
SHORT
Mar 5
We can see that an ascending channel is detected and the price is breaking out.
When price breaks below support, the resulting move could identify a bullish-to-bearish trend reversal.
It is not ruled out that a further bearish run to 1.084 will happen on impulse below 1.085.
EUR/USD: Ascending Channel
EUR/USD,
1 hour
SHORT
Mar 7
An ascending channel arises, the price is going to break out.
In case if price breaks below support, the resulting move could identify price reversal after a pause.
A bearish push down to 1.066 stays on the cards.
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EUR/USD