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

EURGBP M15

Bearish Symmetrical Triangle
According to the chart of M15, EURGBP formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.8629 is breached. Here, a hypothetical profit will equal the width of the available pattern that is 8 pips.
2022-12-01

EURGBP M5

Double Bottom
The Double Bottom pattern has been formed on EURGBP M5; the upper boundary is 0.8641; the lower boundary is 0.8620. The width of the pattern is 21 points. In case of a break of the upper boundary 0.8641, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.
2022-11-30

EURGBP M5

Head and Shoulders
The EURGBP M5 formed the Head and Shoulders pattern with the following features: The Head’s top is at 0.8658, the Neckline and the upward angle are at 0.8644/0.8643. The formation of this pattern can bring about changes in the current trend from bullish to bearish. In case the pattern triggers the expected changes, the price of EURGBP will go towards 0.8628.
2022-11-30

EURGBP M15

Triple Top
The Triple Top pattern has formed on the chart of the EURGBP M15 trading instrument. It is a reversal pattern featuring the following characteristics: resistance level 2, support level -8, and pattern’s width 21. Forecast If the price breaks through the support level 0.8626, it is likely to move further down to 0.8622.
2022-11-30

EURGBP M5

Bullish Symmetrical Triangle
According to the chart of M5, EURGBP formed the Bullish Symmetrical Triangle pattern. The lower border of the pattern touches the coordinates 0.8674/0.0000 whereas the upper border goes across 0.8659/0.0000. If the Bullish Symmetrical Triangle pattern is in progress, this evidently signals a further upward trend. In other words, in case the scenario comes true, the price of EURGBP will breach the upper border to head for 0.8674.
2022-11-28

EURGBP M30

Bearish Rectangle
According 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.
2022-11-25

EURGBP M5

Bullish Symmetrical Triangle
According to the chart of M5, EURGBP formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8618 and 0.8627 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at -9 pips. Outlook: If the upper border 0.8618 is broken, the price is likely to continue its move by 0.8633 pips.
2022-11-23

EURGBP M5

Head and Shoulders
According to the chart of M5, EURGBP formed the Head and Shoulders pattern. The Head’s top is set at 0.8696 while the median line of the Neck is found at 0.8684/0.8684. The formation of the Head and Shoulders pattern evidently signals a reversal of the upward trend. In other words, in case the scenario comes true, the price of EURGBP will go towards 0.8669.
2022-11-23

EURGBP M5

Bearish Rectangle
According to the chart of M5, EURGBP formed the Bearish Rectangle. This type of a pattern indicates a trend continuation. It consists of two levels: resistance 0.8631 - 0.0000 and support 0.8643 – 0.0000. In case the resistance level 0.8643 - 0.0000 is broken, the instrument is likely to follow the bearish trend.
2022-11-22

EURGBP M5

Bullish Symmetrical Triangle
According to the chart of M5, EURGBP formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8687/0.0000 whereas the lower border goes across 0.8696/0.0000. The pattern width is measured on the chart at -9 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.0000 is broken, the price could continue its move toward 0.
2022-11-21