FX.co ★ Patterns EURGBP | Euro (EUR) to British Pound (GBP) Rate in the Forex market
EURGBP M30
Bearish Rectangle
The Bearish Rectangle has formed on the EURGBP M30 chart. This is a trend continuation pattern bounded by the lower boundary at 0.8551–0.8551 and the upper boundary at 0.8565–0.8565. A breakout below the lower boundary is likely to signal a continuation of the downtrend.
EURGBP H1
Bearish Rectangle
The Bearish Rectangle has formed on the EURGBP H1 chart. This is a trend continuation pattern bounded by the lower boundary at 0.8551–0.8551 and the upper boundary at 0.8565–0.8565. A breakout below the lower boundary is likely to signal a continuation of the downtrend.
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.
EURGBP M15
Bullish Rectangle
The Bullish Rectangle has formed on the EURGBP M15 chart. This is a trend continuation pattern bounded by the lower boundary at 0.8580–0.8580 and the upper boundary at 0.8587–0.8587. A breakout above the upper boundary is likely to signal a continuation of the uptrend.
EURGBP M5
Double Bottom
The Double Bottom pattern has formed on the EURGBP M5 chart. Its upper boundary is at 0.8586, its lower boundary is at 0.8580, and its width is 6 points. A break above the upper boundary at 0.8586 may confirm a trend reversal, with the pattern width defining the projected distance to a potential Take Profit level.
EURGBP M30
Triple Top
The Triple Top pattern has formed on the chart of EURGBP M30 and signals a possible trend reversal. After the third peak forms, a break below the confirmation support at 0.8580 may confirm the bearish scenario. The projected peak-to-trough width is 3 points.
EURGBP M30
Bearish Symmetrical Triangle
The Bearish Symmetrical Triangle pattern has formed on the EURGBP M30 chart. A break below the lower boundary at 0.8581 is likely to signal a continuation of the downtrend.
EURGBP M5
Bullish Rectangle
The Bullish Rectangle has formed on the EURGBP M5 chart. This pattern indicates a likely continuation of the trend. Its resistance is at 0.8596 and its support is at 0.8591. A breakout above the resistance zone at 0.8596–0.8596 is likely to signal a continuation of the bullish trend.
EURGBP M30
Double Top
The Double Top pattern has formed on the EURGBP M30 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 0.8570 is likely to confirm further downward movement.
EURGBP H1
Double Top
The Double Top pattern has formed on the EURGBP H1 chart and signals a potential reversal from an uptrend to a downtrend. A break below the pattern base at 0.8570 is likely to confirm further downward movement.
