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FX.co ★ EURGBP M30: Bearish Rectangle

EURGBP M30: Bearish Rectangle

Bearish RectangleAccording to the chart of M30, EURGBP formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.8604 – 0.0000 and upper border 0.8571 – 0.0000. In case the lower border is broken, the instrument is likely to follow the downward trend.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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