EUR/GBP points down

February 18, 2016 10:54 AM


EUR/GBP is pointing to lower levels after a recent bounce up into wave B) that shows signs of a completed leg at 0.7844. Ideally, wave C) is underway to lower levels, most-likely back to 0.7690 and then 0.7650 based on minimum expectations.


EUR/GBP - 1hr

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About the Author

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and He also is founder of forex services on provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: