Open:
High:
Low:
Close:
TRIANGLE DESCENDANT
EUR/USD
1H
It looks like a descending triangle develops and the price expects a next bigger bullish action for the certainty of breakout.
A descending triangle often results in the bears have run out of steam once price breaks through the resistance.
Eurusd to prolong the growth phase towards the 1.155 level.
CANAL DESCENDANT
EUR/USD
4H
As we can see a descending channel is close to completion, the price breaks out.
If price breaks out to the the upside, the resulting move could signal a tendency to break in the opposite direction.
Eurusd to grind higher towards 1.156 on a breakout of the descending channel as the currency pair probes 1.1545 hurdle.
FANION
EUR/USD
1H
A pennant has been determined, the price calls for a more strong move to confirm pennant breakdown.
Once price breaks down, the move could indicate a bearish price action.
A rangebound towards 1.153 is not ruled out on impulse below 1.154.
TRIANGLE DESCENDANT
EUR/USD
1H
A descending triangle arises.
A descending triangle is believed to be a reliable bullish price formation that predicts that the price will rally further once price breaks out.
Eurusd aims to complete a retracement to 1.156 as bullish momentum increases.
TRIANGLE SYMÉTRIQUE
EUR/USD
1D
As we can see a symmetrical triangle is nearing completion, the price asks for a steady correction for clear breakdown confirmation.
Once price breaks out to the the downside, the resulting move could predict the bulls have run out of steam.
A further bearish push down towards the 1.15 mark is on the cards.
CANAL DESCENDANT
EUR/USD
1H
Eurusd shapes a descending channel, eurusd wants a more steady bullish move as evidence of a breakout.
When price breaks out to the the upside, the resulting move could identify a bullish price move.
Eurusd to extend its advance to 1.158.
CANAL DESCENDANT
EUR/USD
1H
There is a descending channel taking place, the price calls for a bit more consolidation as a sign of a breakout.
A descending channel predicts that the price to go up in case if price breaks out.
It is not ruled out that a bullish move to 1.162 will form as the currency pair loses bearish momentum.
BISEAU DESCENDANT
EUR/USD
1H
A falling wedge appears and the price requires a move as a clue of a breakout.
A falling wedge predicts extending an uptrend if price breaks out to the the upside.
Eurusd is bullish and en route to the 1.162 zone.
RECTANGLE
EUR/USD
4H
It seems like a rectangle is detected and eurusd needs a more move to confirm a breakout.
A rectangle is considered to be a reliable bearish price indicator that is used to identify prices are likely to keep falling downward once price breaks below support.
Eurusd does not rule out a move towards 1.16 on impulse below 1.1605.
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