FX.co ★ EURGBP M30: Bearish Symmetrical Triangle

According to the chart of M30, EURGBP formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8507/0.8517 and upper border is 0.8525/0.8517. The pattern width is measured on the chart at -18 pips. The formation of the Bearish Symmetrical Triangle pattern evidently signals a continuation of the downward trend. In other words, if the scenario comes true and EURGBP breaches the lower border, the price could continue its move toward 0.8487.