FX.co ★ EURGBP M15: Bullish Flag

The Bullish Flag pattern has been formed on EURGBP at M15. The lower boundary of the pattern is located at 0.8634/0.8620, while the higher boundary lies at 0.8648/0.8634. The projection of the flagpole is 24 points. This formation signals that the upward trend is most likely to continue. Therefore, if the level of 0.8648 is broken, the price will move further upwards.