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

According to the chart of M5, EURUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.0447 and support 1.0422. In case the resistance level 1.0447 - 1.0447 is broken, the instrument is likely to follow the bullish trend.

The Double Bottom pattern has been formed on EURUSD M5. Characteristics: the support level 1.0422; the resistance level 1.0447; the width of the pattern 25 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 25 points.

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 1.0422 – 1.0422 and upper border 1.0447 – 1.0447. In case the upper border is broken, the instrument is likely to follow the upward trend.

The Double Bottom pattern has been formed on EURUSD M5. Characteristics: the support level 1.0422; the resistance level 1.0447; the width of the pattern 25 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 25 points.

The Double Top pattern has been formed on EURUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.0376 is broken, the downward movement will continue.

The Triple Bottom pattern has been formed on EURUSD H1. It has the following characteristics: resistance level 1.0422/1.0369; support level 1.0344/1.0343; the width is 78 points. In the event of a breakdown of the resistance level of 1.0422, the price is likely to continue an upward movement at least to 1.0394.

The Triple Bottom pattern has been formed on EURUSD H1. It has the following characteristics: resistance level 1.0422/1.0369; support level 1.0344/1.0343; the width is 78 points. In the event of a breakdown of the resistance level of 1.0422, the price is likely to continue an upward movement at least to 1.0394.

The Triple Bottom pattern has formed on the chart of the EURUSD M30 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.0422/1.0369.

According to the chart of M5, EURUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.0377, the lower border is 1.0354. The signal means that a short position should be opened after fixing a price below the lower border 1.0354 of the Bearish Rectangle.

The Double Bottom pattern has been formed on EURUSD M5. Characteristics: the support level 1.0354; the resistance level 1.0376; the width of the pattern 22 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 21 points.