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

According to the chart of M5, EURGBP formed the Bullish Symmetrical Triangle pattern. Description: This is the pattern of a trend continuation. 0.8265 and 0.8257 are the coordinates of the upper and lower borders respectively. The pattern width is measured on the chart at 8 pips. Outlook: If the upper border 0.8265 is broken, the price is likely to continue its move by 0.8276.

On the chart of the EURGBP M5 trading instrument, the Triple Top pattern that signals a trend change has formed. It is possible that after formation of the third peak, the price will try to break through the resistance level 0.8256, where we advise to open a trading position for sale. Take profit is the projection of the pattern’s width, which is 8 points.

According to the chart of M30, EURGBP formed the Bearish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8255, the lower border is 0.8241. The signal means that a short position should be opened after fixing a price below the lower border 0.8241 of the Bearish Rectangle.

The Double Bottom pattern has been formed on EURGBP H1. 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 0.8253 is broken. The further movements will rely on the width of the current pattern 12 points.

According to the chart of M5, EURGBP formed the Bearish Symmetrical Triangle pattern. This pattern signals a further downward trend in case the lower border 0.8263 is breached. Here, a hypothetical profit will equal the width of the available pattern that is -7 pips.

According to the chart of M5, EURGBP formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.8263 – 0.8263 and upper border 0.8271 – 0.8271. In case the upper border is broken, the instrument is likely to follow the upward trend.

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 0.8271/0.8267 whereas the lower border goes across 0.8262/0.8267. The pattern width is measured on the chart at 9 pips. If the Bullish Symmetrical Triangle pattern is in progress during the upward trend, this indicates the current trend will go on. In case 0.8267 is broken, the price could continue its move toward 0.8282.

According to the chart of M30, EURGBP formed the Bearish Symmetrical Triangle pattern. Trading recommendations: A breach of the lower border 0.8264 is likely to encourage a continuation of the downward trend.

The Bearish pennant pattern has formed on the EURGBP M15 chart. This pattern type is characterized by a slight slowdown after which the price will move in the direction of the original trend. In case the price fixes below the pattern’s low of 0.8283, a trader will be able to successfully enter the sell position.

According to the chart of M5, EURGBP formed the Bullish Rectangle which is a pattern of a trend continuation. The pattern is contained within the following borders: the lower border 0.8292 – 0.8292 and upper border 0.8301 – 0.8301. In case the upper border is broken, the instrument is likely to follow the upward trend.