EURGBP broke key resistance level 0.8510 Likely to rise to resistance level 0.8585 EURGBP currency pair recently broke the resistance level 0.8510 (which stopped the pair earlier this month) intersecting with the 50% Fibonacci correction of the earlier downward correction from July. The breakout of the resistance level 0.8510 accelerated the active medium-term impulse wave […]
The post EURGBP Wave Analysis appeared first on Action Forex.
Daily Pivots: (S1) 0.8288; (P) 0.8296; (R1) 0.8309; More… No change in EUR/GBP’s outlook and intraday bias stays neutral at this point. Another fall is expected as long as 0.8308 minor resistance holds. Below 0.8264 Read more…
Daily Pivots: (S1) 1.6494; (P) 1.6557; (R1) 1.6638; More… Immediate focus is now on 1.6331 resistance as EUR/AUD’s rebound from 1.6355 extends. Break there would suggest that corrective pattern from 1.6800 has already completed, and Read more…
Daily Pivots: (S1) 0.9370; (P) 0.9385; (R1) 0.9404; More…. Intraday bias in EUR/CHF stays neutral as range trading continues inside 0.9359/9516. On the downside, firm break of 0.9359 will revive the case that choppy rise Read more…