FX.co ★ EURNZD M5: Double Bottom

The Double Bottom pattern has been formed on EURNZD M5; the upper boundary is 1.6607; the lower boundary is 1.6589. The width of the pattern is 17 points. In case of a break of the upper boundary 1.6607, 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.