EURGBP Flag Pattern

A nice EURGBP triangle & flag pattern is forming. A break of the below horizonal structure and uptrend line could mean a possible slide to the downside with an overall ratio of about 4:1. Adversely, a break of the downtrend line could mean a move to the upside, which could grab at least 50 pips to the next structure with a 2:1 ratio. We will see how price action responds to coronavirus news as the fall continues. Depending on both fundamentals and technicals, we will have our answer and we can execute our trades accordingly.