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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