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

According to the chart of M5, EURUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.0924 – 1.0924 and upper border 1.0967 – 1.0967. In case the lower border is broken, the instrument is likely to follow the downward trend.

The Double Bottom pattern has been formed on EURUSD M15; the upper boundary is 1.0967; the lower boundary is 1.0927. The width of the pattern is 43 points. In case of a break of the upper boundary 1.0967, 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.

According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.1146 and 1.1018 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 128 pips. Outlook: If the upper border 1.1146 is broken, the price is likely to continue its move by 1.1102.

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 1.0805 is broken, the downward movement will continue.

According to the chart of M5, EURUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.0907 – 1.0907 and upper border 1.0924 – 1.0924. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Top reversal pattern has been formed on EURUSD M15. Characteristics: the upper boundary 1.0924; the lower boundary 1.0805; the width of the pattern is 119 points. Sell trades are better to be opened below the lower boundary 1.0805 with a possible movements towards the 1.0783 level.

The Triple Bottom pattern has been formed on EURUSD M5. It has the following characteristics: resistance level 1.0861/1.0839; support level 1.0811/1.0805; the width is 50 points. In the event of a breakdown of the resistance level of 1.0861, the price is likely to continue an upward movement at least to 1.0825.

The Double Bottom pattern has been formed on EURUSD M5; the upper boundary is 1.0861; the lower boundary is 1.0810. The width of the pattern is 50 points. In case of a break of the upper boundary 1.0861, 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 been formed on EURUSD H1. It has the following characteristics: resistance level 1.0830/1.0808; support level 1.0784/1.0780; the width is 46 points. In the event of a breakdown of the resistance level of 1.0830, the price is likely to continue an upward movement at least to 1.0818.

The Double Bottom pattern has been formed on EURUSD M5. Characteristics: the support level 1.0785; the resistance level 1.0808; the width of the pattern 23 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 22 points.