EURGBP Wave Analysis – 30 November, 2021

• EURGBP rising inside ABC correction (ii)

• Likely to rise to resistance level 0.8550

EURGBP currency pair continues to rise after the earlier upward reversal from the key support level 0.8400 intersecting with the lower daily Bollinger Band and the daily down channel from April.

The upward reversal from the support level 0.8400 started the active short-term ABC correction (ii).

EURGBP currency pair can be expected to rise further toward the next resistance level 0.8550 (target price for the completion of the active ABC correction (ii)).