FX.co ★ EURGBP M5: Bullish Symmetrical Triangle

The Bullish Symmetrical Triangle pattern has formed on the EURGBP M5 chart. Its lower boundary passes through 0.8562/0.8574, while its upper boundary passes through 0.8585/0.8574. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, EURGBP is expected to break the upper boundary and move toward 0.8589.