EURGBP to Almost Done With an ABC Correction
The price action is currently establishing an ABC correction following the completion of the previous 1-5 Elliott impulse wave pattern. Once the correction is completed, the price action is likely to continue appreciating.
Bulls should look for a potential rebound in one of two places: either from the 61.8 per cent Fibonacci at 0.83387 or the lower limit of the ascending channel. Notice that the latter is currently converging with a resistance-turned-support area.
Bulls should look for a potential rebound in one of two places: either from the 61.8 per cent Fibonacci at 0.83387 or the lower limit of the ascending channel. Notice that the latter is currently converging with a resistance-turned-support area.
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.