FX.co ★ EURNZD D1: Double Bottom

The Double Bottom pattern has formed on the EURNZD D1 chart. Its upper boundary is at 1.9851, its lower boundary is at 1.9509, and its width is 355 points. A break above the upper boundary at 1.9851 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.