EUR/GBP made here a bearish Elliott wave. I have applied the moving average also to forecast the trend. In the fifth wave, there is a symmetrical triangle. After the ABC correction, there is a hurdle at 0.8930. Right now, the trend is moving under the hurdle. It is a bearish Elliott wave pattern. Therefore, it will fall more up to the target of 0.8816. But there is a possibility of the double bottom pattern the trend can rise, and it can break a hurdle. If the trend crosses the hurdle, it will hit 0.8960.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.