Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
EUR/GBP: a good chance for the euro
2019-11-11 • Updated
TP1 0.891 TP2 0.8955 TP3 0.8965
On the daily chart of EUR/GBP, the long-term consolidation within 0.87-0.902 is continuing. The pair will keep falling and will reach the 161.8% target of the AB=CD pattern if only it breaks the support at 0.87.
On H1, to reach targets of the “Wolfe waves” patterns, the pair needs to break the resistance at 0.882 and reach targets of the “Bat” pattern. Its 88.6% target is near 0.8965.
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