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DESCENDING TRIANGLE
EUR/USD
1H
There is a descending triangle distinguished and eurusd expects a move as an information of a breakout.
A descending triangle is considered to be a pattern that predicts that the price to go short when price breakdown occurs.
There is a possibility of corrective downside towards 1.163.
ASCENDING TRIANGLE
EUR/USD
4H
As we can see an ascending triangle has been observed, the price is about to break out.
In case if price breaks below support, the move could indicate an extension in the downward direction.
It is not ruled out that decline towards 1.162 will be made.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel recognized and eurusd requests a move as a sign of a breakout.
A descending channel provides a useful price pattern that can be used to signal the bears have run out of steam in case if price breaks through the resistance.
There is a probability of a bullish push up to the 1.167 level on a breach of 1.166.
DESCENDING CHANNEL
EUR/USD
1H
There is a descending channel poping up, the price is breaking out.
When price breaks through the resistance, the resulting move could indicate a bullish price action.
Eurusd now looks towards the 1.166 level as the currency pair probes 1.1654 hurdle.
FALLING WEDGE
EUR/USD
1H
A falling wedge is detected and eurusd requests a bullish action as an indication of a breakout.
A falling wedge denotes a technical price formation that often signals a further move up when price breaks out.
It is likely that a bullish continuation towards the 1.166 mark will take place as eurusd looks bid.
ASCENDING TRIANGLE
EUR/USD
1H
There is an ascending triangle poping up, the price is going to break out.
An ascending triangle suggests a specific chart indicator that is used to indicate a further move down if price breaks below support.
It is not ruled out that extra downside towards 1.165 will occur as there is a chance of further weakness.
FALLING WEDGE
EUR/USD
1H
There is a falling wedge encountered and the price is ready to break out now.
A falling wedge represents a reliable indicator that is used to identify a further move up if price breaks out to the the upside.
It is possible that a move to 1.164 will be made once above 1.1636 as bullish momentum increases.
FALLING WEDGE
EUR/USD
4H
A falling wedge forms.
A falling wedge indicates a tendency to break in the opposite direction if price breaks through the resistance.
There is a probability of a bullish price action towards 1.166 on impulse above 1.165 as bulls looking for upside correction.
FALLING WEDGE
EUR/USD
1H
There is a falling wedge turning up.
A falling wedge identifies a useful price action signal that can be used to indicate a next move up if price breaks out to the the upside.
Eurusd now looks towards 1.165 as eurusd nears 1.1646 hurdle.
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