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

The Inverse Head and Shoulders pattern has formed on the EURUSD M30 chart. The head low is at 1.1113, while the neckline passes through 1.1132/1.1138. The Inverse Head and Shoulders signals a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal.

The Bullish Symmetrical Triangle pattern has formed on the EURUSD M5 chart. Its lower boundary passes through 1.1128/1.1133, while its upper boundary passes through 1.1137/1.1133. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, EURUSD is expected to break the upper boundary and move toward 1.1148.

The Inverse Head and Shoulders pattern has formed on the EURUSD M30 chart. The head low is at 1.1113, while the neckline passes through 1.1132/1.1129. The Inverse Head and Shoulders signals a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal.

The Bearish Rectangle has formed on the EURUSD M5 chart and indicates a likely continuation of the trend. Its upper boundary is at 1.1216 and its lower boundary is at 1.1207. A short position may be considered once the price closes below the lower boundary at 1.1207 of the Bearish Rectangle.

The Bullish Rectangle has formed on the EURUSD M5 chart. This is a trend continuation pattern bounded by the lower boundary at 1.1228–1.1228 and the upper boundary at 1.1233–1.1233. A breakout above the upper boundary is likely to signal a continuation of the uptrend.

The Double Bottom pattern has formed on the EURUSD M5 chart. Its upper boundary is at 1.1213, its lower boundary is at 1.1206, and its width is 7 points. A break above the upper boundary at 1.1213 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.

The Triple Top pattern has formed on the chart of EURUSD M30 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 1.1186 may confirm the bearish scenario. The projected peak-to-trough width is 29 points.

The Triple Top reversal pattern has formed on the EURUSD M5 chart. Its upper boundary is at 1.1156/1.1154, its lower boundary is at 1.1147/1.1149, and its current width is 8 points. If the confirmation support at 1.1147 is broken, that width can be used to project the downward move.

The Inverse Head and Shoulders pattern has formed on the EURUSD H1 chart. A break above the higher of the neckline anchors at 1.1217/1.1204 may confirm the bullish reversal.

The Head and Shoulders pattern has formed on the EURUSD M5 chart. After the right shoulder forms, a break below the lower of the neckline anchors at 1.1224/1.1224 may confirm the bearish reversal.