The EURGBP is in a Down trend showing a Bearish Rectangle.

The EURGBP is currently experiencing a downtrend and exhibiting a Bearish rectangle pattern. In such circumstances, we may consider initiating a short position (Sell Stop) as the price breaks out from the bottom of the rectangle. Additionally, given the recent behaviour where buyers attempted to drive the price up over the past four candles, there's also a chance to enter a long position (Buy Stop) upon the breakout from the top of the rectangle.