EUR/GBP got lost in the corridor

EUR/GBP got lost in the corridor

Recommendation:

BUY 0.8925

SL 0.888

TP1 0.902 TP2 0.912 TP3 0.977

On the daily chart, EUR/GBP keeps consolidating in the 0.8700-0.9020 range in line with the “Spike and ledge” pattern on the basis of 1-2-3. A break of its upper border will increase the odds of AB=CD with a target at 161.8%. On the other hand, a successful test of support at 0.87 will open bears way down to 88.6% of the “bat” pattern.

EURGBP1.png 

On H1, EUR/GBP keeps forming “Wolfe waves” pattern. A break of the diagonal resistance 2-4 will allow buying the euro.

EURGBP2.png

Similar

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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

GBP/USD: levels to trade

GBP/USD has been consolidating between 1.30 and 1.2770 for the past month. The pair met resistance at the resistance line connecting October and November highs.

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