Elliott Wave Analysis: EUR/GBP Facing A Reversal Higher

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