Technical analysis

EURGBP Wave Analysis – 14 June, 2022

EURGBP Wave Analysis – 14 June, 2022

• EURGBP broke resistance level 0.8585
• Likely to rise to resistance level 0.8700

EURGBP currency continued to rise strongly after this currency pair broke above the key resistance level 0.8585 (which has been repeatedly reversing the pair from November).

The breakout of the resistance level 0.8585 accelerated the active impulse waves 3 and (3) – which then broke above the next major resistance level 0.8650.

EURGBP can be expected to rise further toward the next resistance level 0.8700 (former strong resistance from April of 2021).

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