FX.co ★ EURGBP M15: Bearish Flag

The Bearish Flag pattern has formed on the EURGBP M15 chart. Its lower boundary passes through 0.8569/0.8573, while its upper boundary passes through 0.8573/0.8577. The projected flagpole height is 12 points. The formation indicates that the downtrend is likely to continue. A break below 0.8569 would confirm further downward movement.