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

The Double Bottom pattern has been formed on EURGBP D1; the upper boundary is 0.8788; the lower boundary is 0.8616. The width of the pattern is 177 points. In case of a break of the upper boundary 0.8788, 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.

The Double Bottom pattern has been formed on EURGBP M5. Characteristics: the support level 0.8703; the resistance level 0.8710; the width of the pattern 7 points. If the resistance level is broken, a change in the trend can be predicted with the first target point lying at the distance of 7 points.

The Double Bottom pattern has been formed on EURGBP M5; the upper boundary is 0.8719; the lower boundary is 0.8710. The width of the pattern is 9 points. In case of a break of the upper boundary 0.8719, 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.

According to the chart of M5, EURGBP formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8695 and 0.8691 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 4 pips. Outlook: If the upper border 0.8695 is broken, the price is likely to continue its move by 0.8708.

The Double Bottom pattern has been formed on EURGBP D1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.8788 is broken. The further movements will rely on the width of the current pattern 177 points.

The Double Top reversal pattern has been formed on EURGBP H1. Characteristics: the upper boundary 0.8712; the lower boundary 0.8703; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 0.8703 with a possible movements towards the 0.8663 level.

According to the chart of M5, EURGBP formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.8701 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on EURGBP M15; the upper boundary is 0.8708; the lower boundary is 0.8700. The width of the pattern is 7 points. In case of a break of the upper boundary 0.8708, 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.

The Double Bottom pattern has been formed on EURGBP D1; the upper boundary is 0.8788; the lower boundary is 0.8616. The width of the pattern is 177 points. In case of a break of the upper boundary 0.8788, 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.

The Double Bottom pattern has been formed on EURGBP D1; the upper boundary is 0.8788; the lower boundary is 0.8616. The width of the pattern is 177 points. In case of a break of the upper boundary 0.8788, 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.