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

According to the chart of H1, EURUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.0780 – 1.0780 and upper border 1.0822 – 1.0822. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M30, EURUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.0780 – 1.0780 and upper border 1.0822 – 1.0822. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top reversal pattern has been formed on EURUSD H1. Characteristics: the upper boundary 1.0820; the lower boundary 1.0784; the width of the pattern is 38 points. Sell trades are better to be opened below the lower boundary 1.0784 with a possible movements towards the 1.0744 level.

The Double Top pattern has been formed on EURUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0784 is broken, the downward movement will continue.

On the chart of EURUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.0820; the lower boundary 1.0784; the width of the pattern 36 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.0769 level.

The Triple Top pattern has formed on the chart of the EURUSD M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.0764/1.0785 with the upper limit 1.0788/1.0795; the projection of the width is 24 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 1.0764, the price is most likely to continue the downward movement.

The Bullish Flag pattern has been formed on EURUSD at M30. The lower boundary of the pattern is located at 1.0683/1.0635, while the higher boundary lies at 1.0739/1.0691. The projection of the flagpole is 115 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 1.0739 is broken, the price will move further upwards.

The Bullish pennant graphic pattern has formed on the EURUSD M30 instrument. This pattern type falls under the category of continuation patterns. In this case, if the quote can breaks out high, is expected to continue the upward trend to level 1.0769.

According to the chart of H1, EURUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.0503/1.0482 whereas the lower border goes across 1.0463/1.0482. The pattern width is measured on the chart at 40 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.0482 is broken, the price could continue its move toward 1.0522.

According to the chart of M30, EURUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.0503 and 1.0463 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 40 pips. Outlook: If the upper border 1.0503 is broken, the price is likely to continue its move by 1.0512.