FX.co ★ EURGBP D1: Bearish pennant

The Bearish pennant pattern has formed on the EURGBP D1 chart. It signals potential continuation of the existing trend. Specifications: the pattern’s bottom has the coordinate of 0.8248; the projection of the flagpole height is equal to 115 pips. In case the price breaks out the pattern’s bottom of 0.8248, the downtrend is expected to continue for further level 0.8208.