Elliott Wave Analysis: EURGBP In A Corective Pullback; Support Seen Around 0.7783


EURGBP in still in the corrective phase after a nice impulsive wave up. We are moving lower now in the red wave A and since we are looking for the A-B-C pullback we still need to see wave B and C to develop. Resistance for the wave B is around 0.7950 and for the wave C down around 0.7783 levels.

Interested in our services ? We have a Special Offer : Get First 2 Months For The Price Of 1!! Grab the opportunity now at www.ew-forecast.com



Previous articleUSDCHF Forex Forecast – Stalling at Mid-Channel Area of Interest
Next articleDaily FX Trading Update: Yen Pairs Up on Intervention Buzz
Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on http://www.ew-forecast.com/. This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.