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

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

 


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