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

EURUSD M15

Double Bottom
The Double Bottom pattern has been formed on EURUSD M15; the upper boundary is 1.1989; the lower boundary is 1.1969. The width of the pattern is 20 points. In case of a break of the upper boundary 1.1989, 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.
2021-04-15

EURUSD M30

Double Top
The Double Top pattern has been formed on EURUSD M30. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1903 is broken, the downward movement will continue.
2021-04-12

EURUSD M15

Bullish Symmetrical Triangle
According to the chart of M15, EURUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.1918/1.1911 whereas the lower border goes across 1.1902/1.1911. The pattern width is measured on the chart at 16 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.1911 is broken, the price could continue its move toward 1.
2021-04-12

EURUSD M15

Bullish Rectangle
According to the chart of M15, EURUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.1918, the lower border is 1.1902. The signal means that a long position should be opened above the upper border 1.1918 of the Bullish Rectangle.
2021-04-12

EURUSD M15

Double Top
The Double Top pattern has been formed on EURUSD M15. It signals that the trend has been changed from upwards to downwards. Probably, if the base of the pattern 1.1902 is broken, the downward movement will continue.
2021-04-12

EURUSD M5

Bearish Rectangle
According to the chart of M5, EURUSD formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 1.1894, the lower border is 1.1884. The signal means that a short position should be opened after fixing a price below the lower border 1.1884 of the Bearish Rectangle.
2021-04-12

EURUSD M30

Double Bottom
The Double Bottom pattern has been formed on EURUSD M30. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 1.1892 is broken. The further movements will rely on the width of the current pattern 32 points.
2021-04-08

EURUSD M5

Bullish Flag
The Bullish Flag pattern has been formed on EURUSD at M5. The lower boundary of the pattern is located at 1.1880/1.1880, while the higher boundary lies at 1.1888/1.1888. The projection of the flagpole is 17 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 1.1888 is broken, the price will move further upwards.
2021-04-08

EURUSD M15

Bearish Rectangle
According to the chart of M15, EURUSD formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 1.1860 – 1.1860 and upper border 1.1874 – 1.1874. In case the lower border is broken, the instrument is likely to follow the downward trend.
2021-04-08

EURUSD M5

Triple Bottom
The Triple Bottom pattern has formed on the chart of the EURUSD M5 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 1.1887/1.1886.
2021-04-07