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

The Triple Bottom pattern has formed on the chart of the EURUSD M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.0575/1.0567.

The Double Bottom pattern has been formed on EURUSD M15; the upper boundary is 1.0575; the lower boundary is 1.0557. The width of the pattern is 20 points. In case of a break of the upper boundary 1.0575, 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 1.0593 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.

According to the chart of M15, EURUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.0593 – 1.0593 and upper border 1.0629 – 1.0629. 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 H1. Characteristics: the support level 1.0595; the resistance level 1.0629; the width of the pattern 34 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 36 points.

The Double Bottom pattern has been formed on EURUSD H1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.0629 is broken. The further movements will rely on the width of the current pattern 34 points.

The Bearish Flag pattern has been formed on the chart EURUSD M5 which signals that the downward trend will continue. If the price breaks below the low at 1.0594, then it is most likely to move further downwards. The price will likely move by the number of points which equals the length of the flag pole (10 points).

The Bearish pennant pattern has formed on the EURUSD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.0594; the projection of the flagpole height is equal to 21 pips. In case the price breaks out the pattern’s bottom of 1.0594, the downtrend is expected to continue for further level 1.0579.

The Double Bottom pattern has been formed on EURUSD M5. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.0633 is broken. The further movements will rely on the width of the current pattern 16 points.

The Double Bottom pattern has been formed on EURUSD M5. Characteristics: the support level 1.0617; the resistance level 1.0633; the width of the pattern 16 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 17 points.