Open:
High:
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Close:
DESCENDING CHANNEL
EUR/USD
4H
A descending channel is detected and the price is breaking out.
A descending channel often identifies a bullish price action if price breaks above resistance.
Eurusd to move upward to the 1.156 level.
FALLING WEDGE
EUR/USD
1H
There is a falling wedge encountered and the price requests a next bigger move as evidence of a breakout.
A falling wedge is said to depict a reliable pattern that is used to spot the bears have run out of steam if price breaks above resistance.
It is likely that a bullish push up to 1.152 will take place while above 1.151 amid the currency pair reclaims part of the ground lost.
RECTANGLE
EUR/USD
1H
A rectangle takes place.
A rectangle indicates that the price to go down once price breaks out.
Decline towards 1.15 is likely to happen on a breakout of the rectangle as door open for the continuation of the downtrend.
RISING WEDGE
EUR/USD
1H
It seems like a rising wedge is detected.
A rising wedge tends to be a technical price pattern that is angled up that often identifies an extension in the downward direction when price breaks down.
It is not ruled out that decline to 1.1535 will take place on impulse below 1.1538.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel occuring and the price demands a strong move as evidence of a breakout.
If price breaks above resistance, the resulting move could predict a next move up.
There is a chance of a bullish run towards 1.155.
BULLISH FLAG
EUR/USD
4H
It looks like a bullish flag emerges.
A bullish flag signals a bearish-to-bullish trend reversal if price breaks through the resistance.
Eurusd turns bullish to the 1.156 mark amid rising bets for the move.
DESCENDING CHANNEL
EUR/USD
1H
A descending channel forms and the price is ready to break out.
Once price breaks through the resistance, the move could indicate that the price to go up.
It is possible that a further bullish continuation towards the 1.156 level will occur.
DESCENDING CHANNEL
EUR/USD
1H
The price creates a descending channel.
A descending channel denotes a useful chart formation with a downward bias that is used to signal that the price to go up once price breaks out.
Eurusd could attempt a move to 1.154.
FALLING WEDGE
EUR/USD
1H
We can see that a falling wedge has been encountered.
A falling wedge is a useful bullish price pattern that often identifies a break during a downtrending market when price breaks through the resistance.
It is not ruled out that a further bullish run towards the 1.159 mark will happen.
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