There is a descending channel taking place, the price calls for a next move as proof of a breakout.
If price breaks out, the move could predict an extension in the upward direction.
There is a probability of a rangebound towards 1.07.
EUR/USD: Ascending Channel
EUR/USD,
1 hour
SHORT
Mar 14
There is an ascending channel found and the price is ready to break out now.
An ascending channel often results in that the price to go down if price collapses through the support line.
It is not ruled out that decline towards the 1.093 mark will take place on a breakout of the ascending channel.
EUR/USD: Pennant
EUR/USD,
1 hour
SHORT
Apr 30
There is a pennant occuring and the price breaks out.
A pennant is believed to be a specific pattern that typically signals a bearish price move in case if price collapses through the support line.
There is a possibility of a bearish price action to the 1.07 mark as there is room for a downside correction.
EUR/USD: Bearish Flag
EUR/USD,
1 hour
SHORT
Mar 26
As we can see the price completes a bearish flag and the price is breaking out.
A bearish flag tends to be a reliable bearish price action indicator that can be used to indicate a bearish price move when price breaks down.
EUR/USD to extend its slide to 1.083 on a breakdown of the bearish flag as there is a chance of further weakness.
EUR/USD: Ascending Channel
EUR/USD,
4 hours
SHORT
Nov 30
An ascending channel is detected, EUR/USD asks for active pullback as a verification of a breakdown.
In case if price breaks through the support, the resulting move could signal an upward trend is about to reverse into an downward trend.
EUR/USD to suffer a steeper decline towards 1.09 on a breakdown of the ascending channel as the currency pair becomes depressed.
EUR/USD: Ascending Channel
EUR/USD,
1 hour
SHORT
Apr 5
An ascending channel is almost completed, the price is ready to break out soon.
In case if price breaks out to the the downside, the resulting move could identify a bearish move.
It is not ruled out that extra downside towards the 1.094 level will be made as the currency pair failes to keep gains.
EUR/USD: Ascending Channel
EUR/USD,
1 hour
SHORT
Mar 7
It seems like an ascending channel materializes.
An ascending channel signals that the price to go short in case if price breaks out to the the downside.
EUR/USD to extend its slide to 1.064.
EUR/USD: Descending Channel
EUR/USD,
4 hours
LONG
Dec 12
A descending channel is close to being completed and the price requires a more active move as proof of a breakout.
When price breaks out, the move could indicate that the price to go long.
A rangebound to 1.08 is probable on a breakout of the descending channel.
EUR/USD: Falling Wedge
EUR/USD,
4 hours
LONG
Apr 11
A falling wedge is revealed and EUR/USD requires a further active move to confirm a breakout.
If price breaks out to the the upside, the move could indicate extending an uptrend.
A bullish push up towards 1.092 is possible on a breakout of the falling wedge.
EUR/USD: Descending Channel
EUR/USD,
1 hour
LONG
May 9
It looks like a descending channel takes place, the price is ready to break out soon.
A descending channel suggests an indicator that can be used to spot extending an uptrend once price breaks out.
There is a probability of a bullish push up to the 1.075 mark on a breakout of the descending channel.
EUR/USD: Symmetrical Triangle
EUR/USD,
1 hour
SHORT
Jan 15
There is a symmetrical triangle revealed and the price is about to break out.
A symmetrical triangle often identifies a sharp decline once price breaks down.
EUR/USD to extend its slide towards the 1.094 zone while lower than 1.095.
EUR/USD: Descending Channel
EUR/USD,
1 day
LONG
Jun 16
There is a descending channel identified and the price wants an active move for the certainty of breakout.
A descending channel typically results in a change in price direction in case if price breaks through the resistance.
EUR/USD to turn bullish to the 1.1 zone on a breakout of the descending channel as outlook for the currency pair stays positive.
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EUR/USD