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

The Double Bottom pattern has formed on the EURUSD H1 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 1.1548. The projected move is based on the pattern width of 17 points.

The Bullish Symmetrical Triangle pattern has formed on the EURUSD M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 1.1513 and 1.1504, respectively. The pattern width is 9 points. If the price breaks above the upper boundary at 1.1513, it is likely to move toward 1.1523.

The Bearish Symmetrical Triangle pattern has formed on the EURUSD M5 chart. Its lower boundary passes through 1.1517/1.1528, while its upper boundary passes through 1.1538/1.1528. The pattern width is 21 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If EURUSD breaks below the lower boundary, the price could move toward 1.1513.

The Bullish Symmetrical Triangle pattern has formed on the EURUSD M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 1.1538 and 1.1514, respectively. The pattern width is 24 points. If the price breaks above the upper boundary at 1.1538, it is likely to move toward 1.1542.

The Head and Shoulders pattern has formed on the EURUSD M30 chart. After the right shoulder forms, a break below the lower of the neckline anchors at 1.1524/1.1527 may confirm the bearish reversal.

The Double Top pattern has formed on the EURUSD M30 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 1.1535 is likely to confirm further downward movement.

The Bullish Pennant pattern has formed on the EURUSD M15 chart. This is a trend continuation pattern. If the price breaks above the pattern high at 1.1548, the uptrend is expected to continue toward 1.1571.

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.

The Triple Top pattern has formed on the chart of EURUSD M30 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 1.1513 may confirm the bearish scenario. The projected peak-to-trough width is 12 points.

The Double Top reversal pattern has formed on the EURUSD M30 chart. Its upper boundary is at 1.1537, its lower boundary is at 1.1513, and its width is 22 points. A short position may be considered below the lower boundary at 1.1513, with a potential target at 1.1483.