Open:
High:
Low:
Close:
RISING WEDGE
EUR/USD
1H
There is a rising wedge materializing, the price expects a next strong move as an indication of a breakdown.
Once price breaks below support, the move could signal a sharp decline.
Eurusd to prolong the corrective phase towards 1.165 as downtrend may continue.
RISING WEDGE
EUR/USD
1H
As we can see a rising wedge is close to being finished, the price is ready to break out soon.
A rising wedge represents a technical formation that can be used to indicate a next move down in case if price breaks down.
There is a possibility of a bearish price action towards 1.166.
RISING WEDGE
EUR/USD
1H
We can see that a rising wedge arises.
A rising wedge spots the more likely potential of falling prices once price breaks out to the the downside.
A rangebound to the 1.166 mark is going to happen while below 1.1665 as bearish momentum increases.
RISING WEDGE
EUR/USD
1H
A rising wedge is close to completion, the price is ready to break out.
A rising wedge predicts a break during an uptrending market in case if price breaks through the support.
Eurusd set to fall towards 1.164 on a breakout of the rising wedge.
DESCENDING CHANNEL
EUR/USD
1D
It seems like a descending channel has been observed.
A descending channel typically spots a tendency to break in the opposite direction when price breaks out.
There is a probability of a bullish move towards 1.165 once beyond 1.161.
RECTANGLE
EUR/USD
1H
A rectangle is observed and the price breaks out now.
A rectangle is a technical bullish price indicator that predicts an extension in the upward direction if price breaks out.
Eurusd aims to complete a retracement to 1.163.
FALLING WEDGE
EUR/USD
1H
It seems like a falling wedge is distinguished, the price is going to break out soon.
In case if price breaks out, the move could predict that the price to go long.
There is a probability of a bullish run towards the 1.162 level on a break above 1.1614.
RECTANGLE
EUR/USD
1H
A rectangle is discovered and the price is ready to break out soon.
A rectangle describes a compelling formation that can be used to identify a next move down once price breaks below support.
Corrective downside towards the 1.16 level looks probable on a breakout of the rectangle.
ASCENDING CHANNEL
EUR/USD
4H
There is an ascending channel happening and the price is about to break out now.
An ascending channel identifies a specific signal that often results in a bearish price move once price breaks out.
It is likely that a bearish move to the 1.158 mark will form as eurusd becomes weak.
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