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.
EUR/USD: Ascending Channel
EUR/USD,
4 hours
SHORT
Jul 20
EUR/USD creates an ascending channel, the price calls for pullback as a verification of a breakout.
An ascending channel describes a useful bearish formation that spots a next move down if price breaks out to the the downside.
EUR/USD to experience further corrective weakness to 1.118.
EUR/USD: Pennant
EUR/USD,
1 hour
SHORT
Jan 31
There is a pennant spotted.
In case if price breaks down, the move could indicate that the price to go short.
There is a chance of a bearish price action towards 1.081 while below 1.0818.
EUR/USD: Ascending Channel
EUR/USD,
1 hour
SHORT
Oct 31
An ascending channel forms, the price is ready to break out.
An ascending channel signals a sharp decline if price breaks down.
It is not ruled out that a bearish continuation to the 1.058 zone will take place.
EUR/USD: Bearish Flag
EUR/USD,
1 hour
SHORT
May 16
As we can see the price shapes a bearish flag, the price wants a steady correction as a signal of a breakout.
A bearish flag represents a specific bearish chart formation with an upward bias that often predicts an interruption of an uptrend if price breaks below support.
EUR/USD looks south towards 1.087 on a breach of 1.0876.
EUR/USD: Rectangle
EUR/USD,
1 hour
LONG
Nov 28
There is a rectangle taking place, the price asks for a next steady move for clear breakout confirmation.
If price breaks out to the the upside, the move could indicate that the price will rally further.
EUR/USD opens door for a move towards 1.097 as the currency pair probes 1.0962 hurdle.
EUR/USD: Pennant
EUR/USD,
1 hour
SHORT
Jan 22
There is a pennant happening.
A pennant is a compelling formation that typically predicts a sharp decline once price breakdown occurs.
EUR/USD risks further decline to 1.088 as minor hurdle remains at 1.0884.
EUR/USD: Descending Triangle
EUR/USD,
1 hour
LONG
Jan 17
It looks like EUR/USD shows a descending triangle.
If price breaks above resistance, the resulting move could spot a bullish price move.
EUR/USD to head towards 1.09.
EUR/USD: Rectangle
EUR/USD,
4 hours
LONG
Feb 20
EUR/USD forms a rectangle and the price expects a bigger bullish continuation as an information of a breakout.
A rectangle tends to be a bullish formation that often predicts that prices are likely to keep rallying upward when price breaks out.
A bullish price action towards 1.08 is about to happen as door open for the continuation of the uptrend.
EUR/USD: Rectangle
EUR/USD,
1 hour
LONG
Nov 2
There is a rectangle spotted, the price calls for a bit more consolidation as a signal of a breakout.
A rectangle is considered to be a useful pattern that can be used to identify that prices are likely to keep rallying upward if price breaks through the resistance.
EUR/USD to have better chances of advancing towards the 1.059 mark on a breach of 1.0585.
EUR/USD: Rising Wedge
EUR/USD,
1 day
SHORT
May 10
There is a rising wedge developing and the price is about to break out.
A rising wedge can be thought of as a technical price pattern with an upward bias that indicates that prices move counter to the prevailing price trend if price breaks out.
EUR/USD to turn bearish to the 1.09 level on a breakdown of the rising wedge.
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EUR/USD