EUR/GBP reversed from support zone

EUR/GBP reversed from support zone

  • EUR/GBP reversed from support zone
  • Next buy target - 0.8900

EUR/GBP recently reversed up from the major support zone lying between the support level 0.8740 (which has been reversing the pair from the middle of June), lower daily Bollinger Band and the 61.8% Fibonacci retracement of the previous extended upward impulse from May. The upward reversal from this support zone started the active minor impulse wave C. EUR/GBP is expected to rise to the next buy target at the next resistance level 0.8900 (top of the previous wave A).

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