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Thread: EUR-GBP Analysis Forecast

  1. #151
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    Elliott Wave
    elongated flat correction down

    Decline should be supported around 0.8875 - 0.8859 zone for rally to above 0.8917. A clear break of 0.8859 will damage this expected rally.

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    It should try higher up to 0.8484 - 0.8504. Entry point 0.8463 or 0.8449. After this rise, a correction is expected.

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    Should the pair manage to exceed the resistance level at 0.84410, it will eliminate the downtrend scenario, generating a buy signal.

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