FX.co ★ EURNZD M30: Double Bottom

The Double Bottom pattern has been formed on EURNZD M30; the upper boundary is 1.9952; the lower boundary is 1.9901. The width of the pattern is 55 points. In case of a break of the upper boundary 1.9952, 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.