EUR/GBP: bullish signal for the EUR

EUR/GBP: bullish signal for the EUR

2019-11-11 • Updated

Recommendation: 

BUY 0.892 SL 0.8865 TP1 0.902 TP2 0.906 TP3 0.912

On the daily chart of EUR/GBP, bulls managed to take control over the situation after a small reversal. They are planning to implement the target of the "Wolfe Waves" pattern, move the price out of the 0.87-0.902 range of long-term consolidation and reach the 88.6% target of the "Shark" pattern.

eurgbp_d (1).png

On H1, the pair bounced from the support near the 61.8% mark of the BC wave of the "Shark" pattern. It helped to open the long positions. The pair needs to break the resistance at 0.8920 to continue rising. 

eurgbp_60 (1).png

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