EUR/GBP has broken below a triangle pattern and is now heading towards a key support level. In a recent video analysis, experts have highlighted the potential downside movement for the currency pair.
The breakdown from the triangle pattern suggests that sellers are gaining control and pushing the price lower. This could indicate further bearish momentum in the near term.
Traders are advised to keep a close eye on the support area as it could act as a significant level for potential reversals or further downside movement. It is important to monitor the price action and volume to gauge the strength of the current trend.
Overall, EUR/GBP is showing signs of weakness and could continue to move lower in the coming days. Traders should be cautious and consider their risk management strategies before making any trading decisions.