# EUR/USD Reversal Pattern (January 22, 2014) Source: https://www.tradersway.com/resources/market-info/eur-usd-reversal-pattern-january-22-2014/ Language: en Updated: 2014-01-22 Description: Explore EUR/USD Reversal Pattern (January 22, 2014). EUR/USD’s. Trade Forex and CFDs on MT4 and MT5 with tight spreads, flexible leverage and fast funding. EUR/USD’s recent selloff might soon be over, as the pair formed a double bottom on its 1-hour time frame. This is a classic reversal pattern and the uptrend could be confirmed once the pair breaks above the neckline of the formation. Right now, the pair is still testing the neckline resistance around the 1.3600 major psychological level while stochastic has reached the overbought zone. Take note though that the oscillator hasn’t crossed down yet though, which suggests that there’s still enough buying momentum left. ![EUR/USD Reversal Pattern (January 22, 2014)] A long order above the neckline around 1.3600 could be a good entry area. Setting the stop below the 1.3550 mark with a target of 100 pips, which is roughly the same size as the chart pattern, could yield a 2:1 return on risk. *By Kate Curtis from Trader’s Way* ## Structured data JSON-LD as served in the HTML version of this page. ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Article", "@id": "https://www.tradersway.com/resources/market-info/eur-usd-reversal-pattern-january-22-2014/#primary", "url": "https://www.tradersway.com/resources/market-info/eur-usd-reversal-pattern-january-22-2014/", "mainEntityOfPage": "https://www.tradersway.com/resources/market-info/eur-usd-reversal-pattern-january-22-2014/", "headline": "EUR/USD Reversal Pattern (January 22, 2014)", "inLanguage": "en", "datePublished": "2014-01-22T10:07:20+00:00", "dateModified": "2014-01-22T10:07:20+00:00", "articleSection": "Market Info", "description": "Explore EUR/USD Reversal Pattern (January 22, 2014). EUR/USD’s. 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