FX.co ★ EURUSD M30: Triple Top

The Triple Top pattern has formed on the chart of the EURUSD M30. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.0469/1.0505 with the upper limit 1.0533/1.0542; the projection of the width is 64 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 1.0469, the price is most likely to continue the downward movement.