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: 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: 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: Ascending Channel
EUR/USD,
1 hour
SHORT
Nov 13
An ascending channel has been found, the price needs steady pullback as evidence of a breakdown.
An ascending channel is believed to be a reliable price action indicator that can be used to spot price reversal after a pause once price breaks down.
A bearish continuation towards the 1.059 mark is not ruled out.
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: 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,
1 day
LONG
Jul 18
There is a rectangle turning up.
A rectangle suggests a price pattern that predicts that the price to go long if price breaks above resistance.
EUR/USD to surge considerably to the 1.095 mark.
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,
4 hours
LONG
Mar 4
There is a descending triangle spotted and EUR/USD requests a more bigger move as an indication of a breakout.
Once price breaks out, the resulting move could predict the more likely potential of rising prices.
It is likely that a rangebound to the 1.086 zone will take place on a breach of 1.085 as bulls seeking a new high.
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.
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