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: Descending Channel
EUR/USD,
1 day
LONG
Feb 21
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.
EUR/USD: Rectangle
EUR/USD,
1 hour
LONG
Mar 20
There is a rectangle forming, the price is ready to break out soon.
A rectangle describes a signal that results in the bears have run out of steam in case if price breaks through the resistance.
EUR/USD pushes higher towards 1.088 while above 1.0872.
EUR/USD: Rectangle
EUR/USD,
1 hour
SHORT
May 11
It looks like a rectangle is close to being finished.
A rectangle provides a useful indicator that spots a bearish price move in case if price breaks out.
EUR/USD to suffer further downside towards 1.094.
EUR/USD: Bearish Flag
EUR/USD,
4 hours
SHORT
Jan 23
It looks like a bearish flag emerges, the price wants a more strong impulse down as an information of a breakout.
A bearish flag can be thought of as an indicator that typically predicts a bearish move if price collapses through the support line.
It is possible that a further move to the 1.084 mark will take place on a breakout of the bearish flag.
EUR/USD: Bullish Rectangle
EUR/USD,
1 hour
LONG
Oct 23
A bullish rectangle appears and the price is going to break out.
A bullish rectangle identifies a bullish move once price breaks out.
EUR/USD to prolong the growth phase towards 1.061 on a breakout of the bullish rectangle.
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EUR/USD