While most investors I have spoken to this year seem to count on a weakening EURGBP pair, I see the rectangle as a continuation pattern. Needless to mention that rectangles can last for extended periods of time, but breakouts can be forceful. A confirmed monthly close below the rectangle support invalidates this, but I am seeing us getting closer to an interesting chance to long this pair. Neutral until a reversal signal appears.
Chart PatternsEURGBP

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