EUR/GBP broke resistance area

EUR/GBP broke resistance area

2019-11-11 • Updated

  • EUR/GBP broke resistance area
  • Next buy target - 0.9100.

 EUR/GBP continues to rise after the recent breakout of the major resistance area lying between the key round resistance level 0.9000 (which was set as the buy target in our previous forecast for this currency pair) and 0.9040 (top of the previous minor impulse wave (i)). The breakout of this resistance area should accelerate the active medium-term impulse wave (C) from May. With the accelerating daily Momentum, EUR/GBP is expected to rise further toward the next buy target at the next resistance level 0.9100.

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