EUR/GBP: will the pair go up or down?

EUR/GBP: will the pair go up or down?

Recommendations:

BUY 0.8875 SL 0.882 TP1 0.8955 TP2 0.902 TP3 0.9055

SELL 0.87 SL 0.8755 TP1 0.86 TP2 0.85 TP3 0.8345

On the daily chart of EUR/GBP, bears managed to pull the pair to targets of the “Shakeout-fakeout” pattern and push it further to the bottom line of the long-term consolidation within 0.87-0.902. The break of the line will increase risks of the implementation of the AB=CD pattern with the 161.8% target.

eurgbp_d.png

On H1, the pair reached the 161.8% target of the AB=CD pattern. That increased odds of the pullback. If bulls are able to break the resistance  at 0.887-0.8875, a possibility of the “Wolfe waves” pattern’s implementation will increase.

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