FX.co ★ EURUSD M15: Double Bottom

The Double Bottom pattern has formed on the EURUSD M15 chart. Its upper boundary is at 1.1616, its lower boundary is at 1.1609, and its width is 8 points. A break above the upper boundary at 1.1616 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.