EUR/GBP

This currency pair have been very volatile, the trends are challenging to predict as the pattern shows a constant impulse/corrective waves from (15/07/2016) until (04/08/2016) the date of when the interest rates changed from 0.5% to 0.25%, only then it started to create a clear bullish pattern. Currently I do believe that the EUR will fall, the wedge pattern shows a closing point for the trend, Bearish reversal may occur as the regression trend shows a sign of the trends peak following the stochastics. If target is hit, the trend may have potential of setting off corrective patterns towards the support level.

Current point: 0.86412
Starting point: 0.86412
Exit point: 0.86710
Profit target: 0.86083

Risk/reward: 1.1