Elliott wave analysis of EUR/GBP for May 18 – 2020

EUR/GBP has finally broken through key resistance at 0.8866. The pair is likely to move higher to 0.9066 as its first obstacle. However, in the longer-term, we should see EUR/GBP to go above the 0.9499 peak. Support is now seen at the former resistance at 0.8866. This should ideally protect the downside for a continuation […]