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

The Inverse Head and Shoulders pattern has formed on the EURGBP M5 chart. The head low is at 0.8360, while the neckline passes through 0.8368/0.8366. The Inverse Head and Shoulders signals a potential reversal of the downtrend. A break above the higher neckline anchor may confirm the bullish reversal.

The Bearish Symmetrical Triangle pattern has formed on the EURGBP M15 chart. A break below the lower boundary at 0.8365 would signal a likely continuation of the downtrend. The projected move corresponds to the pattern width of 7 points.

The Bullish Symmetrical Triangle pattern has formed on the EURGBP M15 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 0.8380 and 0.8360, respectively. The pattern width is 20 points. If the price breaks above the upper boundary at 0.8380, it is likely to move toward 0.8390.

The Double Bottom pattern has formed on the EURGBP M30 chart. Its support is at 0.8359, its resistance is at 0.8363, and its width is 4 points. A break above resistance may confirm a trend reversal, with the first target projected 4 points away.

The Bearish Flag pattern has formed on the EURGBP M5 chart, signaling a likely continuation of the downtrend. If the price breaks below the pattern low at 0.8382, it is likely to move further downward. The projected move corresponds to the flagpole height of 6 points.

The Double Bottom pattern has formed on the EURGBP M5 chart. Its upper boundary is at 0.8401, its lower boundary is at 0.8383, and its width is 18 points. A break above the upper boundary at 0.8401 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.

The Bullish Rectangle has formed on the EURGBP M5 chart. This is a trend continuation pattern bounded by the lower boundary at 0.8385–0.8385 and the upper boundary at 0.8392–0.8392. A breakout above the upper boundary is likely to signal a continuation of the uptrend.

The Bullish Symmetrical Triangle pattern has formed on the EURGBP M5 chart. This is a trend continuation pattern. Its upper and lower boundaries are at 0.8476 and 0.8469, respectively. The pattern width is 7 points. If the price breaks above the upper boundary at 0.8476, it is likely to move toward 0.8487.

The Bearish Symmetrical Triangle pattern has formed on the EURGBP M15 chart. A break below the lower boundary at 0.8468 is likely to signal a continuation of the downtrend.

The Double Top reversal pattern has formed on the EURGBP D1 chart. Its upper boundary is at 0.8611, its lower boundary is at 0.8551, and its width is 60 points. A break below the lower boundary is likely to confirm further downward movement toward 0.8511.