• EURGBP broke key resistance level 0.8510
• Likely to rise to resistance level 0.8585
EURGBP currency pair recently broke the resistance level 0.8510 (which stopped the pair earlier this month) intersecting with the 50% Fibonacci correction of the earlier downward correction from July.
The breakout of the resistance level 0.8510 accelerated the active medium-term impulse wave (3) from the middle of August.
Given the prevailing euro optimism, EURGBP can be expected to rise further toward the next resistance level 0.8585 (top of wave (B) from July).
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
This website uses cookies