Open:
High:
Low:
Close:
RISING WEDGE
EUR/USD
1H
There is a rising wedge taking place.
A rising wedge provides a compelling chart indicator that can be used to signal a sharp decline in case if price breaks out.
Eurusd risks a move to 1.154.
ASCENDING CHANNEL
EUR/USD
1H
It seems like an ascending channel has been noticed.
An ascending channel often signals a move down if price collapses through the support line.
Eurusd is bearish and en route towards 1.161 on impulse below 1.1618.
RECTANGLE
EUR/USD
4H
There is a rectangle diagnosed and the price is ready to break out.
A rectangle identifies a bearish chart pattern that typically results in a bearish move once price breakdown occurs.
Decline towards the 1.158 level is on the way on a break below 1.1595 as the mood may get worse.
DESCENDING CHANNEL
EUR/USD
4H
The price forms a descending channel and the price is close to breaking out soon.
A descending channel often predicts extending an uptrend when price breaks above resistance.
Eurusd to extend its rebound to 1.166.
ASCENDING CHANNEL
EUR/USD
1H
There is an ascending channel spotted, the price wants more strong push down as an information of a breakout.
An ascending channel is believed to be a reliable bearish price action pattern with an upward bias that often spots an upward trend is about to reverse into an downward trend when price breaks out.
Eurusd is at risk of extending its slump towards the 1.161 level.
RECTANGLE
EUR/USD
1H
It seems like a rectangle materializes, the price is close to breaking out soon.
A rectangle identifies an indicator that often identifies a sharp rise when price breaks out to the the upside.
A further bullish price action towards the 1.1635 mark is on the way on impulse above 1.1632 as the currency pair is at a brink of a bullish breakout.
DESCENDING TRIANGLE
EUR/USD
4H
It looks like a descending triangle is identified.
A descending triangle results in an extension in the upward direction in case if price breaks above resistance.
Eurusd to extend its rebound to the 1.164 level once beyond 1.1625.
FALLING WEDGE
EUR/USD
1H
A falling wedge is discovered, the price is ready to break out now.
A falling wedge often spots a bullish price action when price breaks above resistance.
Eurusd to resume its rise to 1.162.
FALLING WEDGE
EUR/USD
1H
We can see that a falling wedge is close to being done.
A falling wedge provides a technical price formation that is angled down that is used to spot a move up once price breaks above resistance.
There is a possibility of a rangebound towards the 1.161 level while above 1.1606.
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