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EUR/USD

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EUR/USD: Descending Channel

EUR/USD, 1 day    LONG Jun 16
There is a descending channel identified and the price wants an active move for the certainty of breakout. A descending channel typically results in a change in price direction in case if price breaks through the resistance. EUR/USD to turn bullish to the 1.1 zone on a breakout of the descending channel as outlook for the currency pair stays positive.

EUR/USD: Symmetrical Triangle

EUR/USD, 1 hour    SHORT Jan 15
There is a symmetrical triangle revealed and the price is about to break out. A symmetrical triangle often identifies a sharp decline once price breaks down. EUR/USD to extend its slide towards the 1.094 zone while lower than 1.095.

EUR/USD: Ascending Channel

EUR/USD, 4 hours    SHORT Jul 20
EUR/USD creates an ascending channel, the price calls for pullback as a verification of a breakout. An ascending channel describes a useful bearish formation that spots a next move down if price breaks out to the the downside. EUR/USD to experience further corrective weakness to 1.118.

EUR/USD: Pennant

EUR/USD, 1 hour    SHORT Jan 31
There is a pennant spotted. In case if price breaks down, the move could indicate that the price to go short. There is a chance of a bearish price action towards 1.081 while below 1.0818.

EUR/USD: Ascending Channel

EUR/USD, 1 hour    SHORT Oct 31
An ascending channel forms, the price is ready to break out. An ascending channel signals a sharp decline if price breaks down. It is not ruled out that a bearish continuation to the 1.058 zone will take place.

EUR/USD: Bearish Flag

EUR/USD, 1 hour    SHORT May 16
As we can see the price shapes a bearish flag, the price wants a steady correction as a signal of a breakout. A bearish flag represents a specific bearish chart formation with an upward bias that often predicts an interruption of an uptrend if price breaks below support. EUR/USD looks south towards 1.087 on a breach of 1.0876.

EUR/USD: Symmetrical Triangle

EUR/USD, 4 hours    SHORT Nov 20
There is a symmetrical triangle spotted. A symmetrical triangle describes a chart formation that results in a bearish price action when price breaks below support. EUR/USD could recede towards the 1.052 zone as the currency pair keeps the bid tone.

EUR/USD: Rectangle

EUR/USD, 1 hour    LONG Jan 20
A rectangle has been recognized and the price is breaking out. A rectangle is said to depict a bullish indicator that is used to spot a further move up once price breaks above resistance. It is possible that a move towards 1.033 will happen as the currency pair looks bid.

EUR/USD: Rectangle

EUR/USD, 1 hour    LONG Nov 28
There is a rectangle taking place, the price asks for a next steady move for clear breakout confirmation. If price breaks out to the the upside, the move could indicate that the price will rally further. EUR/USD opens door for a move towards 1.097 as the currency pair probes 1.0962 hurdle.

EUR/USD: Ascending Channel

EUR/USD, 1 hour    SHORT Nov 13
An ascending channel has been found, the price needs steady pullback as evidence of a breakdown. An ascending channel is believed to be a reliable price action indicator that can be used to spot price reversal after a pause once price breaks down. A bearish continuation towards the 1.059 mark is not ruled out.

EUR/USD: Pennant

EUR/USD, 1 hour    SHORT Jan 22
There is a pennant happening. A pennant is a compelling formation that typically predicts a sharp decline once price breakdown occurs. EUR/USD risks further decline to 1.088 as minor hurdle remains at 1.0884.

EUR/USD: Descending Triangle

EUR/USD, 1 hour    LONG Jan 17
It looks like EUR/USD shows a descending triangle. If price breaks above resistance, the resulting move could spot a bullish price move. EUR/USD to head towards 1.09.
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