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

EURUSD M5

Bearish Symmetrical Triangle
According to the chart of M5, EURUSD formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 1.2151 is likely to encourage a continuation of the downward trend.
2021-01-22

EURUSD M30

Double Top
On the chart of EURUSD M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 1.2176; the lower boundary 1.2161; the width of the pattern 15 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 1.2131 level.
2021-01-22

EURUSD M5

Bullish Rectangle
According to the chart of M5, EURUSD formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 1.2171 – 1.2171 and upper border 1.2176 – 1.2176. In case the upper border is broken, the instrument is likely to follow the upward trend.
2021-01-22

EURUSD M5

Triple Top
The Triple Top pattern has formed on the chart of the EURUSD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 1, support level -1, and pattern’s width 8. Forecast If the price breaks through the support level 1.2169, it is likely to move further down to 1.2161.
2021-01-22

EURUSD M5

Bullish Symmetrical Triangle
According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.2177 and 1.2169 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 8 pips. Outlook: If the upper border 1.2177 is broken, the price is likely to continue its move by 1.2188 pips.
2021-01-22

EURUSD M5

Double Bottom
The Double Bottom pattern has been formed on EURUSD M5. Characteristics: the support level 1.2136; the resistance level 1.2170; the width of the pattern 34 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 34 points.
2021-01-21

EURUSD M5

Triple Top
The Triple Top pattern has formed on the chart of the EURUSD M5 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 4, support level -16, and pattern’s width 25. Forecast If the price breaks through the support level 1.2092, it is likely to move further down to 1.2100.
2021-01-20

EURUSD M5

Bearish Symmetrical Triangle
According to the chart of M5, EURUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.2115/1.2120 and upper border is 1.2126/1.2120. The pattern width is measured on the chart at -11 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURUSD breaches the lower border, the price could continue its move toward 1.
2021-01-19

EURUSD M5

Double Bottom
The Double Bottom pattern has been formed on EURUSD M5. Characteristics: the support level 1.2087; the resistance level 1.2100; the width of the pattern 13 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 13 points.
2021-01-15

EURUSD M5

Bearish pennant
The Bearish pennant pattern has formed on the EURUSD M5 chart. The pattern signals continuation of the downtrend in case the pennant’s low of 1.2073 is broken through. Recommendations: Place the sell stop pending order 10 pips below the pattern’s low. Place the take profit order at the projection distance of the flagpole height.
2021-01-15