EUR/GBP: buy the EUR

EUR/GBP: buy the EUR

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

Similar

EUR/CHF: the final target

Although EUR/CHF has already made a big leap to the downside, the weekly chart shows that the decline looks unfinished.

Latest news

GBP/USD: pound entered into channel Tenkan-Kijun

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen with horizontal lines; the market is under strong resistance and prices entered into the channel Tenkan-Kijun.

gbp

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera