FX.co ★ EURUSD H1: Double Bottom

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.