EUR/GBP

14 gen 2018

EUR/GBP bounced off from the 0.88632 level (23.6% fibonacci level on 4h chart). Probably heading to resistance at 0.89118 might bounce off from that zone or could continue moving up till the next sell off zone on the daily chart at 0.895 to 0.902. The stoch will probably head further to the overbought zone. We are probably in the 5th elliot wave going up.
Target: 0.89079
Stop loss: 0.88506