Analysis

EUR/GBP - A Finished Wedge Can Strongly Help BEARS (Elliott Wave)

Good day fellow traders!

EURGBP made a nice rise this week, but now reversing from 0.9050 and falling back below the upper line of an ending diagonal which can be an evidence of a "throw-over" formation. However, it's still too soon to confirm a top in place, but if price will continue to weaken today and tomorrow and maybe close somewhere below 0.8990 then this would be very interesting development for more bearishness ahead.

EURGBP, 1h

 

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