EUR/GBP: bulls have control

EUR/GBP: bulls have control

Recommendation: BUY 0.8835 SL 0.878 TP1 0.893 TP2 0.907 TP3 0.917

On the daily chart of EUR/GBP, bulls have finally managed to bring the pair out of the consolidation range between 0.87 and 0.8835. The pair reached 78.6% target of the “Gartley” pattern. The continuation of the rally will lead to the transformation of the “Gartley” into the “Crab” pattern with the target at 161.8%.


On H1, EUR/GBP left the consolidation range and triggered AB=CD with a target at 161.8%. Pullbacks and rebounds from important support levels may be used for buying.



Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...


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