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According to the chart of M5, EURGBP formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8356, the lower border is 0.8352. The signal means that a long position should be opened above the upper border 0.8356 of the Bullish Rectangle.

According to the chart of M5, EURGBP formed the Inverse Head and Shoulder pattern. The Head’s top is set at 0.8354 while the median line of the Neck is found at 0.8350/0.8352. The formation of the Inverse Head and Shoulder pattern evidently signals a reversal of the downward trend. In other words, in case the scenario comes true, the price of EURGBP will go towards 0.8369

According to the chart of H1, EURGBP formed the Bullish Rectangle. The pattern indicates a trend continuation. The upper border is 0.8370, the lower border is 0.8348. The signal means that a long position should be opened above the upper border 0.8370 of the Bullish Rectangle.

On the chart of EURGBP H1 the Double Top reversal pattern has been formed. Characteristics: the upper boundary 0.8370; the lower boundary 0.8349; the width of the pattern 21 points. The signal: a break of the lower boundary will cause continuation of the downward trend targeting the 0.8309 level.

The technical pattern called Head and Shoulders has appeared on the chart of EURGBP M30. There are weighty reasons to suggest that the price will surpass the Neckline 0.8358/0.8357 after the right shoulder has been formed. So, the trend is set to change with the price heading for 0.8327.