Elliott Wave Analysis: EUR/GBP Facing A Reversal Higher

Elliott Wave Analysis: EUR/GBP Facing A Reversal Higher

13 May 2016, 18:58
Roberto Jacobs
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Elliott Wave Analysis: EUR/GBP Facing A Reversal Higher

EUR/GBP is tracing out an ending diagonal pattern in wave C which is a part of the A-B-C pullback in red wave B). We expect this pair to find its support around 0.7828, where formal wave 4 can react as a turning point into red wave C). This would then complete our outlook for the blue B wave with resistance around 0.8000 levels.


EURGBP, 4H

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