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HomeContributorsTechnical AnalysisEUR/GBP Still Struggles To Rebound Off The 0.8450 Support Area

EUR/GBP Still Struggles To Rebound Off The 0.8450 Support Area

Elliott Wave Financial Service
By Elliott Wave Financial Service

Crude Oil is turning higher this week with five waves up from 51.20, so it can be a very interesting market this month as price action suggests that bulls can be back in control. However, nothing moves in straight line so be aware of a three wave set-back to 52.20 area before uptrend may resume. Invalidation level is now at 51.21; as long this price holds; trend is up.

Crude OIL, 1H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
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