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: Rectangle
EUR/USD,
1 day
LONG
Feb 21
A rectangle appears.
In case if price breaks out, the resulting move could indicate the bears have run out of steam.
EUR/USD to turn bullish to 1.06 on a upside break.
EUR/USD: Descending Channel
EUR/USD,
1 hour
LONG
Apr 10
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: 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
Feb 27
An ascending channel arises, EUR/USD demands a bigger correction as a signal of a breakdown.
An ascending channel represents a compelling chart indicator that typically results in a bearish move if price breaks down.
EUR/USD does not rule out a move towards the 1.046 zone.
EUR/USD: Falling Wedge
EUR/USD,
4 hours
LONG
Jun 19
A falling wedge is distinguished and the price is ready to break out.
A falling wedge is believed to be a technical indicator that can be used to predict an extension in the upward direction if price breaks out.
EUR/USD is bullish and en route towards the 1.155 zone on a breakout of the falling wedge as bulls look for entries.
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.
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: Rectangle
EUR/USD,
1 hour
LONG
Jan 24
A rectangle has been identified.
A rectangle identifies a formation that can be used to signal extending an uptrend in case if price breaks through the resistance.
There is a probability of a further bullish push up to the 1.045 zone on a breach of 1.0438.
Disclaimer.
No Investment Advice Provided.
Any opinions, chats, messages, news, research, analyses, prices, or other information contained on this Website are provided as general market information for educational and entertainment purposes only, and do not constitute investment advice.
The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes.
Patterns.cc will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
Risk Disclosure.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
EUR/USD