FX.co ★ EURUSD M30: Triple Bottom
Signal strength 3 of 5
EURUSD M30: Triple Bottom
The Triple Bottom pattern has formed on the chart of EURUSD M30. Features of the pattern: The lower line of the pattern has coordinates 1.1617 with the upper limit 1.1617/1.1606, the projection of the width is 27 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 1.1590, the price is most likely to continue the upward movement.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade