FX.co ★ EURUSD M30: Double Bottom

The Double Bottom pattern has formed on the EURUSD M30 chart. Its upper boundary is at 1.1582, its lower boundary is at 1.1567, and its width is 16 points. A break above the upper boundary at 1.1582 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.