There is a rectangle diagnosed.
A rectangle suggests a compelling price action formation that often predicts a bullish move when price breaks above resistance.
EUR/USD looks north towards 1.115 on a break above 1.1142.
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: Pennant
EUR/USD,
1 hour
SHORT
Sep 18
It looks like a pennant is very close to being finished.
A pennant is a technical bearish chart pattern that results in a sharp decline once price breaks out.
EUR/USD to slump to the 1.111 level on a breach of 1.1122 as risk reversal sheds bullish bias.
EUR/USD: Rectangle
EUR/USD,
1 hour
SHORT
May 21
EUR/USD shows a rectangle, the price calls for a more active move as a sign of a breakout.
A rectangle signals a bearish move when price collapses through the support line.
EUR/USD to maintain its negative tone to 1.085.
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.
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EUR/USD