EURGBP WAVE ANALYSIS (FULL TREND GUIDE)
Since Feb 2023, this symbol has been trending down. This downtrend can be described by Elliot wave theory as marked out.
Currently price has completed waves 1-2-3-4 (indicated in purple), and found resistance in the 0.8665 - 0.8675 zone. If the resistance holds, I expect price to continue downwards to complete wave 5 at the 0.8400 to 0.8420 price zone.
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Currently price has completed waves 1-2-3-4 (indicated in purple), and found resistance in the 0.8665 - 0.8675 zone. If the resistance holds, I expect price to continue downwards to complete wave 5 at the 0.8400 to 0.8420 price zone.
If you like this analysis or it's helpful to you in anyway please like and follow me.
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