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

According to the chart of M30, EURUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.1472 and 1.1413 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 59 pips. Outlook: If the upper border 1.1472 is broken, the price is likely to continue its move by 1.1474.

The Bearish pennant pattern has formed on the EURUSD M5 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 1.1427, a trader will be able to successfully enter the sell position.

The Bearish Flag pattern has been formed on EURUSD at M5. The lower boundary of the pattern is located at 1.1378/1.1388 while the upper boundary lies at 1.1386/1.1396. The projection of the flagpole is 18 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 1.1378 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the EURUSD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.1378 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.

According to the chart of M15, EURUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.1430 and support 1.1420. In case the resistance level 1.1430 - 1.1430 is broken, the instrument is likely to follow the bullish trend.

According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.1430 and 1.1421 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 9 pips. Outlook: If the upper border 1.1430 is broken, the price is likely to continue its move by 1.1440.

According to the chart of M5, EURUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.1421 – 1.1421 and upper border 1.1430 – 1.1430. In case the upper border is broken, the instrument is likely to follow the upward trend.

According to the chart of M15, EURUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.1382/1.1404 and upper border is 1.1421/1.1404. The pattern width is measured on the chart at -39 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURUSD breaches the lower border, the price could continue its move toward 1.1381.

According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.1415/1.1402 whereas the lower border goes across 1.1383/1.1402. The pattern width is measured on the chart at 32 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.1402 is broken, the price could continue its move toward 1.1417.

According to the chart of M15, EURUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.1392 - 0.0000 and support 1.1380 – 1.1380. In case the resistance level 1.1380 - 1.1380 is broken, the instrument is likely to follow the bearish trend.