FX.co ★ EURGBP H1: Bearish Symmetrical Triangle

According to the chart of H1, EURGBP formed the Bearish Symmetrical Triangle pattern. Description: The lower border is 0.8545/0.8563 and upper border is 0.8577/0.8563. The pattern width is measured on the chart at -32 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 0.8523.