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

The Bearish Flag pattern has been formed on EURUSD at M5. The lower boundary of the pattern is located at 1.1615/1.1621 while the upper boundary lies at 1.1619/1.1625. The projection of the flagpole is 8 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 1.1615 is broken, the price will move further downwards.

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 1.1615, a trader will be able to successfully enter the sell position.

According to the chart of M5, EURUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.1625, the lower border is 1.1617. The signal means that a short position should be opened after fixing a price below the lower border 1.1617 of the Bearish Rectangle.

The Double Bottom pattern has been formed on EURUSD M15. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.1623 is broken. The further movements will rely on the width of the current pattern 6 points.

The Double Bottom pattern has been formed on EURUSD M15; the upper boundary is 1.1623; the lower boundary is 1.1617. The width of the pattern is 6 points. In case of a break of the upper boundary 1.1623, 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.

The Double Bottom pattern has been formed on EURUSD M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.1655 is broken. The further movements will rely on the width of the current pattern 38 points.

The Triple Bottom pattern has formed on the chart of the EURUSD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.1713/1.1711.

According to the chart of M30, EURUSD formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.1718 - 0.0000 and support 1.1695 – 1.1695. In case the resistance level 1.1695 - 1.1695 is broken, the instrument is likely to follow the bearish trend.

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 1.1718 - 0.0000 and support 1.1695 – 1.1695. In case the resistance level 1.1695 - 1.1695 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 1.1713/1.1730 whereas the upper border goes across 1.1750/1.1730. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of EURUSD will breach the upper border to head for 1.1745.