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

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 1.1533/1.1526.

The Bearish Flag pattern has been formed on EURUSD at M15. The lower boundary of the pattern is located at 1.1517/1.1531 while the upper boundary lies at 1.1533/1.1547. The projection of the flagpole is 43 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 1.1517 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the EURUSD M15 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.1517; the projection of the flagpole height is equal to 43 pips. In case the price breaks out the pattern’s bottom of 1.1517, the downtrend is expected to continue for further level 1.1494.

The Bearish Flag pattern has been formed on EURUSD at M5. The lower boundary of the pattern is located at 1.1577/1.1583 while the upper boundary lies at 1.1583/1.1589. The projection of the flagpole is 21 points. This formation signals that the downward trend is most likely to continue. Therefore, if the level of 1.1577 is broken, the price will move further downwards.

The Bearish pennant pattern has formed on the EURUSD M5 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 1.1577; the projection of the flagpole height is equal to 21 pips. In case the price breaks out the pattern’s bottom of 1.1577, the downtrend is expected to continue for further level 1.1562.

According to the chart of M5, EURUSD formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 1.1655 and 1.1633 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 22 pips. Outlook: If the upper border 1.1655 is broken, the price is likely to continue its move by 1.1658.

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 1.1644 is broken, the downward movement will continue.

According to the chart of M5, EURUSD formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 1.1641/1.1656 and upper border is 1.1672/1.1656. The pattern width is measured on the chart at -31 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 1.1641.

The Double Bottom pattern has been formed on EURUSD M5. 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 1.1654 is broken. The further movements will rely on the width of the current pattern 21 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 1.1658/1.1650 whereas the lower border goes across 1.1642/1.1650. 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 1.1650 is broken, the price could continue its move toward 1.1665.