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

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 0, support level -4, and pattern’s width 9. Forecast If the price breaks through the support level 1.1790, it is likely to move further down to 1.1783.

According to the chart of M15, EURUSD formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 1.1807, the lower border is 1.1792. The signal means that a long position should be opened above the upper border 1.1807 of the Bullish Rectangle.

According to the chart of M5, EURUSD formed the Bullish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 1.1807 and support 1.1792. In case the resistance level 1.1807 - 1.1807 is broken, the instrument is likely to follow the bullish trend.

The Double Top reversal pattern has been formed on EURUSD M15. Characteristics: the upper boundary 1.1805; the lower boundary 1.1792; the width of the pattern is 15 points. Sell trades are better to be opened below the lower boundary 1.1792 with a possible movements towards the 1.1769 level.

On the chart of the EURUSD M15 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 1.1753, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 12 points.

According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.1690 and 1.1683 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 7 pips. Outlook: If the upper border 1.1690 is broken, the price is likely to continue its move by 1.1702.

The Triple Top pattern has formed on the chart of the EURUSD M5. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 1.1680/1.1684 with the upper limit 1.1689/1.1689; the projection of the width is 9 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 1.1680, the price is most likely to continue the downward movement.

The Double Top reversal pattern has been formed on EURUSD H1. Characteristics: the upper boundary 1.1721; the lower boundary 1.1643; the width of the pattern is 80 points. Sell trades are better to be opened below the lower boundary 1.1643 with a possible movements towards the 1.1603 level.

The Double Bottom pattern has been formed on EURUSD M5. Characteristics: the support level 1.1694; the resistance level 1.1700; the width of the pattern 6 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 6 points.

According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 1.1671/1.1662 whereas the lower border goes across 1.1652/1.1662. The pattern width is measured on the chart at 19 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 1.1662 is broken, the price could continue its move toward 1.1677.