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

The Double Bottom pattern has been formed on EURUSD M5; the upper boundary is 1.1450; the lower boundary is 1.1425. The width of the pattern is 25 points. In case of a break of the upper boundary 1.1450, 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 Triple Bottom pattern has formed on the chart of EURUSD M5. Features of the pattern: The lower line of the pattern has coordinates 1.1463 with the upper limit 1.1463/1.1460, the projection of the width is 10 points. The formation of the Triple Bottom pattern most likely indicates a change in the trend from downward to upward. This means that in the event of a breakdown of the resistance level 1.1453, the price is most likely to continue the upward movement.

The Triple Top pattern has formed on the chart of the EURUSD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 0, support level -8, and pattern’s width 13. Forecast If the price breaks through the support level 1.1452, it is likely to move further down to 1.1452.

The Double Top pattern has been formed on EURUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1608 is broken, the downward movement will continue.

According to the chart of M15, EURUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.1619/1.1611 whereas the lower border goes across 1.1605/1.1611. The pattern width is measured on the chart at 14 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.1611 is broken, the price could continue its move toward 1.1633.

The Double Bottom pattern has been formed on EURUSD M5; the upper boundary is 1.1597; the lower boundary is 1.1587. The width of the pattern is 9 points. In case of a break of the upper boundary 1.1597, 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 Bullish Flag pattern has been formed on EURUSD at M5. The lower boundary of the pattern is located at 1.1596/1.1596, while the higher boundary lies at 1.1600/1.1600. The projection of the flagpole is 9 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 1.1600 is broken, the price will move further upwards.

The Bullish Flag pattern has been formed on EURUSD at M5. The lower boundary of the pattern is located at 1.1586/1.1586, while the higher boundary lies at 1.1590/1.1590. The projection of the flagpole is 9 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 1.1590 is broken, the price will move further upwards.

According to the chart of M15, EURUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.1583/1.1590 and upper border is 1.1596/1.1590. The pattern width is measured on the chart at -13 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURUSD breaches the lower border, the price could continue its move toward 1.1567.

According to the chart of M5, EURUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.1583 is likely to encourage a continuation of the downward trend.