forextidings

Forecasting a Future of EUR/GBP with the bearish EWT

OANDA:EURGBP   Euro / British Pound
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.

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