FX.co ★ Patterns EURUSD | Euro (EUR) to US Dollar (USD) Rate in the Forex market

The Double Top reversal pattern has been formed on EURUSD M5. Characteristics: the upper boundary 1.1392; the lower boundary 1.1375; the width of the pattern is 16 points. Sell trades are better to be opened below the lower boundary 1.1375 with a possible movements towards the 1.1360 level.

The Triple Bottom pattern has formed on the chart of EURUSD H1. Features of the pattern: The lower line of the pattern has coordinates 1.1439 with the upper limit 1.1439/1.1357, the projection of the width is 131 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.1308, the price is most likely to continue the upward movement.

The Double Top reversal pattern has been formed on EURUSD M5. Characteristics: the upper boundary 1.1357; the lower boundary 1.1346; the width of the pattern is 10 points. Sell trades are better to be opened below the lower boundary 1.1346 with a possible movements towards the 1.1331 level.

According to the chart of M5, EURUSD formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 1.1310 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -41 pips.

The Double Bottom pattern has been formed on EURUSD H1; the upper boundary is 1.1439; the lower boundary is 1.1310. The width of the pattern is 131 points. In case of a break of the upper boundary 1.1439, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Bottom pattern has been formed on EURUSD M30; the upper boundary is 1.1439; the lower boundary is 1.1310. The width of the pattern is 131 points. In case of a break of the upper boundary 1.1439, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Bottom pattern has been formed on EURUSD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.1383 is broken. The further movements will rely on the width of the current pattern 55 points.

According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.1382/1.1409 whereas the upper border goes across 1.1439/1.1409. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of EURUSD will breach the upper border to head for 1.1424.

According to the chart of M5, EURUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.1454, the lower border is 1.1431. The signal means that a short position should be opened after fixing a price below the lower border 1.1431 of the Bearish Rectangle.

The Double Bottom pattern has been formed on EURUSD M5; the upper boundary is 1.1451; the lower boundary is 1.1432. The width of the pattern is 20 points. In case of a break of the upper boundary 1.1451, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.