FX.co ★ Patterns EURGBP | Euro (EUR) to British Pound (GBP) Rate in the Forex market

According to the chart of M15, EURGBP formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8321 - 0.0000 and support 0.8304 – 0.8304. In case the resistance level 0.8304 - 0.8304 is broken, the instrument is likely to follow the bearish trend.

According to the chart of M30, EURGBP formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.8326 – 0.8326 and upper border 0.8335 – 0.8335. In case the upper border is broken, the instrument is likely to follow the upward trend.

On the chart of EURGBP M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8332; the lower boundary 0.8329; the width of the pattern 3 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8314 level.

The Double Top reversal pattern has been formed on EURGBP M30. Characteristics: the upper boundary 0.8301; the lower boundary 0.8259; the width of the pattern is 42 points. Sell trades are better to be opened below the lower boundary 0.8259 with a possible movements towards the 0.8229 level.

On the chart of EURGBP M30 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8301; the lower boundary 0.8259; the width of the pattern 42 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8229 level.

The Bullish Flag pattern which signals continuation of a trend has been formed on the chart EURGBP M15. Forecast: if the price breaks above the pattern high at 0.8287, then traders will be able to place a long deal with the target at 0.8310.

According to the chart of M15, EURGBP formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8298, the lower border is 0.8291. The signal means that a short position should be opened after fixing a price below the lower border 0.8291 of the Bearish Rectangle.

The Triple Bottom pattern has formed on the chart of the EURGBP M15 trading instrument. The pattern signals a change in the trend from downwards to upwards in the case of breakdown of 0.8304/0.8297.

The Triple Bottom pattern has been formed on EURGBP M15. It has the following characteristics: resistance level 0.8304/0.8297; support level 0.8292/0.8291; the width is 12 points. In the event of a breakdown of the resistance level of 0.8304, the price is likely to continue an upward movement at least to 0.8314.

According to the chart of M30, EURGBP formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.8327 is likely to encourage a continuation of the downward trend.