FX.co ★ EURUSD M5: Triple Bottom

The Triple Bottom pattern has formed on the chart of EURUSD M5. Features of the pattern: The lower line of the pattern has coordinates 1.0593 with the upper limit 1.0593/1.0577, the projection of the width is 38 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 1.0555, the price is most likely to continue the upward movement.