EUR/GBP got lost in the corridor
Read the article on FBS website
Recommendation:
BUY 0.8925
SL 0.888
TP1 0.902 TP2 0.912 TP3 0.977
On the daily chart, EUR/GBP keeps consolidating in the 0.8700-0.9020 range in line with the “Spike and ledge” pattern on the basis of 1-2-3. A break of its upper border will increase the odds of AB=CD with a target at 161.8%. On the other hand, a successful test of support at 0.87 will open bears way down to 88.6% of the “bat” pattern.
On H1, EUR/GBP keeps forming “Wolfe waves” pattern. A break of the diagonal resistance 2-4 will allow buying the euro.
