FX.co ★ EURGBP D1: Double Bottom

The Double Bottom pattern has been formed on EURGBP D1; the upper boundary is 0.8681; the lower boundary is 0.8619. The width of the pattern is 65 points. In case of a break of the upper boundary 0.8681, 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.