Euro

EUR/GBP points down

Gregor Horvat
February 18, 2016 10:54 AM

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EUR/GBP

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 TheLFB.com. He also is founder of forex services on www.ew-forecast.com. EW-Forecast.com provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website: http://www.ew-forecast.com/