EUR/GBP: buy the EUR

EUR/GBP: buy the EUR

2019-11-11 • Updated

Recommendation:

BUY 0.8945 SL 0.889 TP1 0.9045 TP2 0.906 TP3 0.91

On the daily chart of EUR/GBP, the first target of the "Wolfe Waves" pattern was implemented. Bulls need to update the December's maximum to continue moving towards the 88.6% and 113% targets of the "Shark" pattern. 

eurgbp_d.png

On H1, there is a short-term consolidation near the important level at 88.6% of the "Shark" pattern's CD wave.  Bulls need to stick above this level and break the resistance at 0.8945 to continue rising towards the 200% target of the AB=CD pattern. 

eurgbp_60.png

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