FX.co ★ EURGBP M5: Bearish Rectangle

According to the chart of M5, EURGBP formed the Bearish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: lower border 0.8409 – 0.8409 and upper border 0.8415 – 0.8415. In case the lower border is broken, the instrument is likely to follow the downward trend.