EURGBP recently broke though the support area lying between the key support level 0.8860 (which has been reversing the price from the start of August) and the support trendline of the daily up channel from April.
The breakout of this support area accelerated the active impulse wave (C) – which belongs to the medium-term correction ② from August.
EURGBP is expected to fall further and re-test the next support level 0.8800 (monthly low from July, which is also the forecast price for the completion of wave (C)).
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies