FX.co ★ EURUSD M5: Double Bottom

The Double Bottom pattern has formed on the EURUSD M5 chart. Its upper boundary is at 1.1487, its lower boundary is at 1.1481, and its width is 6 points. A break above the upper boundary at 1.1487 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.