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

The Double Top reversal pattern has been formed on EURGBP M30. Characteristics: the upper boundary 0.8312; the lower boundary 0.8295; the width of the pattern is 16 points. Sell trades are better to be opened below the lower boundary 0.8295 with a possible movements towards the 0.8265 level.

The Bullish pennant pattern is formed on the EURGBP M5 chart. It is a type of the continuation pattern. Supposedly, in case the price is fixed above the pennant’s high of 0.8268, a further uptrend is possible.

The Triple Bottom pattern has been formed on EURGBP M5. It has the following characteristics: resistance level 0.8242/0.8233; support level 0.8229/0.8230; the width is 13 points. In the event of a breakdown of the resistance level of 0.8242, the price is likely to continue an upward movement at least to 0.8244.

The Double Bottom pattern has been formed on EURGBP M15. Characteristics: the support level 0.8229; the resistance level 0.8242; the width of the pattern 13 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 13 points.

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 0.8269/0.8260.

The Double Bottom pattern has been formed on EURGBP M5. Characteristics: the support level 0.8257; the resistance level 0.8281; the width of the pattern 24 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 24 points.

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 0.8271/0.8263.

The Double Bottom pattern has been formed on EURGBP M15. 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 0.8271 is broken. The further movements will rely on the width of the current pattern 14 points.

The Double Bottom pattern has been formed on EURGBP M5. Characteristics: the support level 0.8257; the resistance level 0.8271; the width of the pattern 14 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 14 points.

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.