Market Snapshots

EURGBP Wave Analysis – 19 June, 2020

EURGBP Wave Analysis – 19 June, 2020

• EURGBP broke resistance zone

• Likely to rise to 0,9100

EURGBP today broke above the resistance zone lying between the key resistance level 0,9020 (which has been reversing the price from the end of May) and the 38.2% Fibonacci correction of the preceding ABC correction from march.

The breakout of this resistance zone continues the active medium-term upward impulse sequence (3) from the start of the month. EURGBP is likely to rise further toward the next resistance level 0,9100 (50% Fibonacci correction of the aforementioned ABC correction from march).

Article Rating