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Actual patterns
Double Bottom
The Double Bottom pattern has formed on the EURUSD D1 chart and signals a potential reversal from a downtrend to an uptrend. A long position may be considered after the price breaks above the upper boundary at 1.1269. The projected move is based on the pattern width of 156 points.
Head and Shoulders
The Head and Shoulders pattern has formed on the EURUSD M15 chart. After the right shoulder forms, a break below the lower of the neckline anchors at 1.1179/1.1181 may confirm the bearish reversal.
Inverse Head and Shoulders
The Inverse Head and Shoulders pattern has formed on the EURUSD M30 chart. The head low is at 1.1113, while the neckline passes through 1.1132/1.1138. The Inverse Head and Shoulders signals a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal.
Bullish Symmetrical Triangle
The Bullish Symmetrical Triangle pattern has formed on the EURUSD M5 chart. Its lower boundary passes through 1.1128/1.1133, while its upper boundary passes through 1.1137/1.1133. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, EURUSD is expected to break the upper boundary and move toward 1.1148.
Inverse Head and Shoulders
The Inverse Head and Shoulders pattern has formed on the EURUSD M30 chart. The head low is at 1.1113, while the neckline passes through 1.1132/1.1129. The Inverse Head and Shoulders signals a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal.