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

The Double Bottom pattern has been formed on EURGBP D1. This formation signals a reversal of the trend from downwards to upwards. The signal is that a buy trade should be opened after the upper boundary of the pattern 0.8788 is broken. The further movements will rely on the width of the current pattern 177 points.

The Double Top reversal pattern has been formed on EURGBP H1. Characteristics: the upper boundary 0.8712; the lower boundary 0.8703; the width of the pattern is 9 points. Sell trades are better to be opened below the lower boundary 0.8703 with a possible movements towards the 0.8663 level.

According to the chart of M5, EURGBP formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.8701 is likely to encourage a continuation of the downward trend.

The Double Bottom pattern has been formed on EURGBP M15; the upper boundary is 0.8708; the lower boundary is 0.8700. The width of the pattern is 7 points. In case of a break of the upper boundary 0.8708, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Bottom pattern has been formed on EURGBP D1; the upper boundary is 0.8788; the lower boundary is 0.8616. The width of the pattern is 177 points. In case of a break of the upper boundary 0.8788, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

The Double Bottom pattern has been formed on EURGBP D1; the upper boundary is 0.8788; the lower boundary is 0.8616. The width of the pattern is 177 points. In case of a break of the upper boundary 0.8788, a change in the trend can be predicted where the width of the pattern will coincide with the distance to a possible take profit level.

According to the chart of M5, EURGBP formed the Bullish Symmetrical Triangle pattern, which signals the trend will continue. Description. The upper border of the pattern touches the coordinates 0.8731/0.8728 whereas the lower border goes across 0.8725/0.8728. The pattern width is measured on the chart at 6 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8728 is broken, the price could continue its move toward 0.8743.

The Bullish pennant signal – Trading instrument EURGBP M5, continuation pattern. Forecast: it is possible to set up a buy position above the pattern’s high of 0.8734, with the prospect of the next move being a projection of the flagpole height.

On the chart of EURGBP M5 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8727; the lower boundary 0.8721; the width of the pattern 6 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8706 level.

The Triple Top pattern has formed on the chart of the EURGBP M15. Features of the pattern: borders have an ascending angle; the lower line of the pattern has the coordinates 0.8718/0.8728 with the upper limit 0.8741/0.8739; the projection of the width is 23 points. The formation of the Triple Top figure most likely indicates a change in the trend from upward to downward. This means that in the event of a breakdown of the support level of 0.8718, the price is most likely to continue the downward movement.