EUR/GBP Technical Analysis: Pennant breakdown favors test of 0.88

The EUR/GBP pair has dived out of the pennant pattern, confirming a bearish reversal on the hourly chart. As a result, the psychological support of 0.88 could come into play in the next few hours. As of writing, the pair is trading at 0.8818. 

A break above 0.8827 would invalidate the bearish lower high pattern and expose the previous day's high of 0.8840. 

Hourly chart

Trend: Intraday bearish