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EUR/USD Price Prediction: Aims for Breakout from Descending Triangle

EUR/USD Price Prediction: Aims for Breakout from Descending Triangle

On Wednesday, in European trading, the EUR/USD pair was up by 0.27%, hovering around 1.1800. The major currency pairs experienced a surge as the US dollar (USD) declined following President Donald Trump’s inaugural State of the Union address in front of Congress. As of this moment, the US Dollar Index (DXY), a measure of the […]

Silver (XAGUSD) Price Outlook: Likely Bearish Descending Triangle Emerges

Descending triangle formation The size of the descending triangle suggests that silver may be in for a period of consolidation, assuming the structure holds up. Typically, a breakout is anticipated before the pattern reaches about three-quarters completion towards the vertex. A significant drop below $31.65 could indicate a breakdown from this declining triangle, potentially pushing […]