FX.co ★ EURGBP H1: Bearish Rectangle

According to the chart of H1, EURGBP formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8428 - 0.0000 and support 0.8418 – 0.8418. In case the resistance level 0.8418 - 0.8418 is broken, the instrument is likely to follow the bearish trend.