EURGBP is slow and sideways and trapped in big range when looking at monthly or weekly charts so ideally, pair is trapped in a very big complex consolidation, possibly even with a triangle now in Y. In triangle, each leg is made by three waves (A)-(B)-(C) and with current strong recovery back above important trendline, seems like a three-wave (A)-(B)-(C) decline within higher degree wave C is completed and new three-wave (A)-(B)-(C) rally within wave D underway. So, watch out for more upside now back towards 0.90 area, just be aware of short-term pullbacks.

eurgbpD


Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.

By using Wavetraders website, any services, products, and content contained here, you agree that use of our service is entirely at your own risk. You understand that there is a very high degree of risk involved in trading on the markets. We assume no responsibility or liability for your trading and investment results. The charts, and all articles published on www.wavetraders.com are provided for informational and educational purposes only!

By using the information and services of www.ew-forecast.com you assume full responsibility for any and all gains and losses, financial, emotional or otherwise, experienced, suffered or incurred by you.

Recommended Content


Recommended Content

Editors’ Picks

AUD/USD flirta with YTD lows below 0.6350 amid pre-Fed market caution

AUD/USD flirta with YTD lows below 0.6350 amid pre-Fed market caution

AUD/USD ttrades in the red, flirting with YTD lows below 0.6350 in the Asian session on Wednesday. A cautious market mood and a pause in the US Dollar decline weigh negatively on the pair ahead of the Federal Reserve’s monetary policy announcement.

AUD/USD News
USD/JPY holds the bounce toward 154.00, Fed and BoJ on tap

USD/JPY holds the bounce toward 154.00, Fed and BoJ on tap

USD/JPY is holding the bounce toward 154.00 in Wednesday's Asian trading. The pair finds demand due to a renewed US Dollar uptick and fading hopes of a BoJ rate hike on Thursday. The further recovery could be limited as traders remain wary ahead of the Fed verdict. 

USD/JPY News
Gold price recovers above $2,650 in the lead-up to the Fed showdown

Gold price recovers above $2,650 in the lead-up to the Fed showdown

Gold price is recovering above $2,650 in Wednesday's Asian trading even as the US Dollar holds its bounce amid a risk-off market environment. Traders stay cautious in the run-up to the Fed event risk, which could significantly affect the value of the US Dollar and Gold price. 

Gold News
Ripple's XRP struggles near $2.58 resistance as investors realize $1.5 billion in profits

Ripple's XRP struggles near $2.58 resistance as investors realize $1.5 billion in profits

Ripple is up 3% on Wednesday after witnessing significant profit-taking among its investors following the launch of the RLUSD stablecoin. Whales have soaked up the selling pressure from profit-takers as XRP struggles near the $2.58 resistance level.

Read more
DJIA ends Tuesday in the red, sheds roughly 270 points

DJIA ends Tuesday in the red, sheds roughly 270 points

The Dow Jones Industrial Average shed another 360 points at its lowest on Tuesday as losses accumulate in the key index and begin to gather speed. The S&P 500 and the Nasdaq also closed in the red.

Read more
Best Forex Brokers with Low Spreads

Best Forex Brokers with Low Spreads

VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.

Read More

Majors

Cryptocurrencies

Signatures