EURGBP in a symmetrical triangleEUR/GBPOANDA:EURGBPTrendDivaEURGBP just broke from a symmetrical triangle pattern. This kind of pattern forms when price makes a series of higher lows and lower highs, causing the structure to compress into two converging trendlines. This type of formation represents indecision in the market and as the range tightens, momentum builds for a breakout. By itself, the symmetrical triangle is neutral, but context matters A LOT. And because it developed after a clear bullish leg, the bias leans towards continuation to the upside. The breakout above the upper trendline is the confirmation that buyers might be taking control. In terms of projection, the usual way to measure the target is to take the height of the base of the triangle and project it from the breakout point. But the actual move can often fall short of the textbook target. In this case, I would set my target a bit more conservatively, around the 0.88000 level.