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

The Double Bottom pattern has been formed on EURUSD M15. 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 1.0804 is broken. The further movements will rely on the width of the current pattern 10 points.

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 1.0848 is broken. The further movements will rely on the width of the current pattern 5 points.

According to the chart of M15, EURUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.0861, the lower border is 1.0854. The signal means that a short position should be opened after fixing a price below the lower border 1.0854 of the Bearish Rectangle.

The Triple Bottom pattern has formed on the chart of EURUSD M15. Features of the pattern: The lower line of the pattern has coordinates 1.0879 with the upper limit 1.0879/1.0861, the projection of the width is 22 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 1.0857, the price is most likely to continue the upward movement.

The Triple Bottom pattern has been formed on EURUSD M5. It has the following characteristics: resistance level 1.0875/1.0861; support level 1.0857/1.0854; the width is 18 points. In the event of a breakdown of the resistance level of 1.0875, the price is likely to continue an upward movement at least to 1.0869.

The Double Bottom pattern has been formed on EURUSD M5; the upper boundary is 1.0861; the lower boundary is 1.0854. The width of the pattern is 7 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 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 1.0854, 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).

According to the chart of M15, EURUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.0880, the lower border is 1.0871. The signal means that a long position should be opened above the upper border 1.0880 of the Bullish Rectangle.

According to the chart of M5, EURUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.0880, the lower border is 1.0871. The signal means that a long position should be opened above the upper border 1.0880 of the Bullish Rectangle.

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 1.0872 is broken, the downward movement will continue.