EUR/GBP: EUR has chances to fight against GBP

EUR/GBP: EUR has chances to fight against GBP

Recommendation:

BUY 0.891

SL 0.8855

TP1 0.9 TP2 0.902 TP2 0.9055

On the daily chart of EUR/GBP, bears couldn't break the support at 0.87 ( the bottom line of the longterm consolidation within the "Spike and ledge" pattern). As a result, the "Wolfe waves" pattern was implemented and there are clues on the "Shark" pattern's implementation.  

eurgbp_d.png

On H1, a break of the upper boundary of the downward channel signaled the bulls' strength. To keep the rally towards the 88.6% target of the "Shark" pattern, they need to break the resistance at 0.891.

eurgbp_60.png

Similar

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

Latest news

XAU/USD: an attempt to recover

After forming a “hammer” candlestick on the D1 on Tuesday, XAU/USD rose to $1,467 and consolidated between this level and $1,461.

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.

Beginner Forex book

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