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

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.

According to the chart of M15, 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 1.0504.

The Triple Bottom pattern has been formed on EURUSD M5. It has the following characteristics: resistance level 1.0488/1.0486; support level 1.0476/1.0476; the width is 12 points. In the event of a breakdown of the resistance level of 1.0488, the price is likely to continue an upward movement at least to 1.0491.

On the chart of EURUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.0492; the lower boundary 1.0482; the width of the pattern 10 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.0467 level.

On the chart of the EURUSD M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 1.0402, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 19 points.

On the chart of EURUSD M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.0420; the lower boundary 1.0402; the width of the pattern 18 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.0387 level.

The Triple Bottom pattern has been formed on EURUSD M5. It has the following characteristics: resistance level 1.0373/1.0368; support level 1.0364/1.0362; the width is 9 points. In the event of a breakdown of the resistance level of 1.0373, the price is likely to continue an upward movement at least to 1.0380.