FX.co ★ EURUSD H1: Triple Bottom

The Triple Bottom pattern has formed on the chart of EURUSD H1. The lower boundary is at 1.1370, while the upper boundary is at 1.1399/1.1391. The projected width is 40 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 1.1399 is broken, the price is likely to continue upward.