Elliott Wave Analysis: EURGBP Showing Nice Impulsive Qualities; 0.8600 Could Be A Reversal Region


No change on EURGBP for now; pair still pushing prices higher within wave C) which is expected to hit 0.8600 in the next few session where upside can be limited for blue wave four correction. Technical EURGBP is in bearish trend since October, so we will expect this trend to resume even lower after a completion of current three wave rally. Maybe some short opportunities may show up next week.

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Gregor Horvat
Chief Technical Strategist