Thu, Dec 26, 2024 @ 17:44 GMT
Facebook Mail RSS Twitter
HomeContributorsTechnical AnalysisEURGBP Intraday View, Pair Looking For A Reversal Lower

EURGBP Intraday View, Pair Looking For A Reversal Lower

Elliott Wave Financial Service
By Elliott Wave Financial Service

Last week we talked a lot about EURGBP, which has a very good looking structure up from January low. We see an A-B-C- bounce in wave 2) that is approaching resistance area at 0.8650-0.8670, which is not far away so be aware of a bearish reversal in the very near future. Ideally market will fall sharply from there with an impulsive manner.

EURGBP, 1H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Featured Analysis

Load more

Learn Forex Trading

ActionForex.com was set up back in 2004 with the aim to provide insightful analysis to forex traders, serving the trading community for over a decade. Empowering the individual traders was, is, and will always be our motto going forward.

Contact us: contact@actionforex.com

© ActionForex.com © 2024 All rights reserved.