Open:
High:
Low:
Close:
PENNANT
EUR/USD
1H
There is a pennant developing.
A pennant signals that the price to go long when price breaks above resistance.
Eurusd could attempt a move to 1.176 as downside pressure mitigates.
ASCENDING CHANNEL
EUR/USD
1H
There is an ascending channel forming.
When price breaks through the support, the resulting move could spot that prices move counter to the prevailing price trend.
There is a probability of a bearish run to 1.172 once below 1.174 as outlook for eurusd stays negative.
ASCENDING TRIANGLE
EUR/USD
1D
It seems like an ascending triangle takes place, the price is ready to break out.
An ascending triangle identifies a formation that often predicts the bears have run out of steam once price breaks out.
A further bullish continuation towards 1.175 is about to happen on a breakout of the ascending triangle amid the currency pair reclaims part of the ground lost.
RECTANGLE
EUR/USD
1H
As we can see a rectangle is close to being done, the price calls for steady push up to confirm a breakout.
A rectangle provides a useful price action formation that is used to indicate a further move up when price breaks above resistance.
There is a probability of a move towards 1.166 on a breach of 1.1656.
DESCENDING TRIANGLE
EUR/USD
4H
A descending triangle materializes and the price is close to breaking out.
A descending triangle identifies a further move up once price breaks out.
Eurusd to push up to 1.165.
RECTANGLE
EUR/USD
1H
A rectangle is distinguished, the price requires a further active move to confirm a breakout.
A rectangle identifies a bullish price action signal that often predicts that the price will rally further once price breaks out.
Eurusd to peak towards the 1.1655 zone.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel distinguished and the price is breaking out.
A descending channel is believed to be a bullish pattern that typically indicates a sharp rise in case if price breaks out to the the upside.
It is likely that a rangebound towards 1.164 will take place on a upside break as downside pressure mitigates.
FALLING WEDGE
EUR/USD
1H
As we can see a falling wedge develops.
A falling wedge denotes a technical bullish price formation that is angled down that often predicts a next move up in case if price breaks through the resistance.
Eurusd to continue the appreciation trend to 1.163.
ASCENDING CHANNEL
EUR/USD
4H
It seems like an ascending channel is very close to being finished and eurusd calls for a strong bearish continuation for the certainty of breakout.
An ascending channel provides a specific indicator that can be used to predict a breakdown is likely to occur when price breaks through the support.
Eurusd risks a move to the 1.162 zone on a breach of 1.163.
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