Eurgbpforecast
Will EurGbp break resistance?After the recent low in 0.85 zone, EurGbp reversed aggressively and returned to 0.87 previous support (now resistance)
A higher low is in place at 0.86, and this gives my confidence in continuation and a break of this resistance.
In my opinion, dips should be bought and bulls can target 0.89 zone
EURGBP ForecastEURGBP Forecast
- keep an eye on EURGBP this week, it's going to fall anytime soon
- first level to break 0.86000
- if I'm correct due to the time factor is has, EURGBP will have to go down fast towards level 0.84700
- keep looking for potential sell setup if given, I will keep track on this pair closely
Note:
Dont simply jump into it, unless confirmation given
EURGBP preparing for a rallyHi there,
EURGBP is close to a bottom preparing a rally,
My next target for bottom is arround 0.84000/0.83500
Completing a retracement of almost 99% from the previous upside, and making an ABC correction from the main trend
we are now on wave number 4, preparing for last move up on Monthly timeframe
Good luck