Elliott Wave Analysis: EURGBP Could Face A Probable Reversal Around The 0.8800 Mark

By: Gregor Horvat | Mon, Aug 29, 2016
Print Email

EURGBP is on a strong rise for the last few months but based on slower price action for the last two months we think that this move can be now coming to an end. We see price in fifth wave that can be looking for a top around 0.8800 area, after an ending diagonal is finished, where another leg up can be coming if market breaks above 0.8600 level shown on the 4h chart.

EURGBP, Daily

EUR/GBP Daily Chart

EURGBP, 4H

EUR/GBP 4-Hour Chart

 


Interested in our services? We have a Special Offer: Get 1 Month Access For 1€!! Grab the opportunity now at www.ew-forecast.com You can even subscribe to our Twitter account -> @ewforecast

 


 

Gregor Horvat

Author: Gregor Horvat

Gregor Horvat
www.ew-forecast.com

Gregor Horvat

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/

Copyright © 2013-2017 Gregor Horvat

All Images, XHTML Renderings, and Source Code Copyright © Safehaven.com