Open:
High:
Low:
Close:
ASCENDING CHANNEL
EUR/USD
4H
An ascending channel is observed and eurusd wants a next strong move as proof of a breakout.
An ascending channel is a bearish formation with an upward bias that often signals a bearish price action in case if price breaks out to the the downside.
There is a possibility of a bearish push down to 1.15 while below 1.152.
ASCENDING TRIANGLE
EUR/USD
1H
It seems like an ascending triangle forms.
An ascending triangle provides a technical indicator that often results in a further move down when price breaks through the support.
It is not ruled out that decline to 1.154 will form as bearish momentum increases.
PENNANT
EUR/USD
1H
It looks like a pennant is determined, the price needs a bullish impulse for the certainty of breakout.
A pennant can be thought of as a technical indicator that indicates an extension in the upward direction when price breaks above resistance.
There is a possibility of a move to 1.155 on a breakout of the pennant.
DESCENDING TRIANGLE
EUR/USD
1H
It seems like a descending triangle is encountered, the price is ready to break out.
A descending triangle typically spots extending an uptrend when price breaks above resistance.
A move towards 1.156 is likely to happen once beyond 1.154 as eurusd challenges 1.154 hurdle.
BULLISH FLAG
EUR/USD
1H
A bullish flag is close to being completed.
A bullish flag results in a bullish move once price breaks through the resistance.
There is a possibility of a bullish continuation to 1.156 on a breach of 1.1545.
ASCENDING CHANNEL
EUR/USD
1H
We can see that an ascending channel is recognized.
If price breaks below support, the resulting move could indicate reversals in uptrends.
A bearish move towards the 1.158 mark looks probable as upside pressure seen easing.
ASCENDING CHANNEL
EUR/USD
1H
Eurusd completes an ascending channel.
An ascending channel often signals that prices move counter to the prevailing price trend once price breaks out.
There is a chance of further decline to 1.155 on a breach of 1.16.
DESCENDING CHANNEL
EUR/USD
4H
As we can see the price composes a descending channel and the price asks for a bigger bullish move as an indication of a breakout.
A descending channel typically indicates a downward trend is nearing its end if price breaks above resistance.
There is a possibility of a bullish price action to the 1.165 level.
DESCENDING CHANNEL
EUR/USD
4H
We can see that eurusd sets up a descending channel, eurusd asks for a more active bullish continuation to confirm descending channel breakout.
A descending channel is a useful signal that typically predicts a further move up once price breaks out to the the upside.
Eurusd to enjoy a considerable gain towards the 1.16 level on a upside break.
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