EUR/GBP reached buy target 0.8700

EUR/GBP reached buy target 0.8700

  • EUR/GBP reached buy target 0.8700
  • Next buy target - 0.8800

EUR/GBP continues to rise after the earlier breakout of the resistance zone lying at the intersection of the resistance level 0.8700 (which was set as the buy target in our earlier forecast for this currency pair) and the resistance trendline of the wide daily down channel from the middle of January. The breakout of this resistance zone accelerated the active impulse wave (iii).

EUR/GBP is expected to rise to the next buy target at the resistance level 0.8800 (top of the previous (b)-wave from the middle of March).

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