EUR/GBP reached buy target 0.8800

EUR/GBP reached buy target 0.8800

  • EUR/GBP reached buy target 0.8800
  • Next buy target - 0.8950

EUR/GBP today broke above the key resistance level 0.8800 (which was set as the buy target in our previous forecast for this currency pair). The breakout of the resistance level 0.8800 accelerated the active minor impulse wave 5, which belongs to the intermediate wave (C) of the primary ABC correction ② from last December. The active impulse wave 5 started earlier from the support zone lying between the support level 0.8700 and the upper trendline of the recently broken daily down channel from January. EUR/GBP is expected to rise to the next buy target at the next resistance level 0.8950 (target price for the completion of wave (C)).

Similar

Latest news

GBP/USD: confirmed "Thorn" pattern

The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...

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

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