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: Falling Wedge
EUR/USD,
1 hour
LONG
Jan 20
It seems like a falling wedge is almost finished and the price calls for a bigger bullish continuation as a sign of a breakout.
A falling wedge represents a reliable bullish chart pattern that typically results in a bullish move when price breaks out to the the upside.
There is a possibility of a further bullish continuation to the 1.03 level as weakness seen overdone.
EUR/USD: Symmetrical Triangle
EUR/USD,
1 hour
SHORT
Jan 10
There is a symmetrical triangle distinguished, EUR/USD asks for a further steady move as proof of a breakout.
In case if price breaks down, the move could predict the bulls have run out of steam.
There is a chance of a move towards the 1.029 level.
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: 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: 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: 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: Rectangle
EUR/USD,
1 hour
SHORT
Dec 2
A rectangle materializes, the price is breaking out.
A rectangle depicts a useful price formation that can be used to predict a sharp decline if price breaks through the support.
EUR/USD to accomodate towards 1.054 on a break below 1.0544.
EUR/USD: Rectangle
EUR/USD,
1 hour
SHORT
Jan 10
There is a rectangle occuring, the price demands a more strong move as a signal of a breakdown.
A rectangle provides a compelling bearish pattern that can be used to signal the more likely potential of falling prices if price breaks through the support.
EUR/USD risks a correction to 1.027 as the currency pair becomes vulnerable.
EUR/USD: Ascending Channel
EUR/USD,
1 hour
SHORT
Nov 6
There is an ascending channel discovered and the price needs a strong bearish action as an indication of a breakdown.
An ascending channel signals that the price to go short in case if price breaks through the support.
EUR/USD risks extending drop to the 1.088 mark on a breach of 1.088.
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EUR/USD