FX.co ★ EURGBP M5: Bearish Symmetrical Triangle

The Bearish Symmetrical Triangle pattern has formed on the EURGBP M5 chart. Its lower boundary passes through 0.8551/0.8553, while its upper boundary passes through 0.8556/0.8553. The pattern width is 5 points. The Bearish Symmetrical Triangle indicates a likely continuation of the downtrend. If EURGBP breaks below the lower boundary, the price could move toward 0.8538.