EUR GBP Elliott Wave Analysis

07.08.202006:49 Elliott wave analysis of EUR/GBP for August 7, 2020 Main / Forex Analysis Open trading account Open demo account Download MetaTrader trading platform Relevance up to 06:00 2020-08-09 UTC+2 EUR/GBP came dangerously close to test the short-term i....

06.08.202007:19 Elliott wave analysis of EUR/GBP for August 6, 2020 Main / Forex Analysis Open trading account Open demo account Download MetaTrader trading platform Relevance up to 07:00 2020-08-07 UTC+2 EUR/GBP dipped below support at 0.9001 to test support ....

Relevance up to 06:00 2020-07-31 UTC+2 We are currently looking for a break above minor resistance at 0.9087. It will indicate that the pair is likely to test the resistance level at 0.9138. Only a break above here will open the way for continuation towards the next upside targets at 0.9322 and 0.....

Relevance up to 06:00 2020-07-29 UTC+2 EUR/GBP is currently testing resistance at 0.9138 and a clear break above here will call for a continuation higher to 0.9298 and 0.9500 as the next upside targets. Longer term we are looking for a break above the former peak at 0.9500 too, but for now, we sho....

Relevance up to 07:00 2020-07-24 UTC+2 EUR/GBP found resistance at 0.9138 which wasn't a big surprise. It should just be a matter of time before this resistance is broken and EUR/GBP will be able to edge higher towards 0.9322 and 0.9500 as the next targets. Support is seen in the 0.9053 - 0.9069 a....

Relevance up to 07:00 2020-07-22 UTC+2 EUR/GBP broke below support at 0.9063 indicating that the correction from the 0.9113 wasn't completed yet. The correction from 0.9113 has turned into an expanding flat correction where the peak of wave b is above the start of wave a and finally the low of wa....

Relevance up to 07:00 2020-07-21 UTC+2 The EUR/GBP pair did not dip to support at 0.9043 as it halted at 0.9088. It is likely to be heading for resistance at 0.9175. A break above here will clear the path for a quick rally to 0.9322 and the former peak at 0.9500. Only an unexpected break below 0.9....

Relevance up to 07:00 2020-07-17 UTC+2 The expected minor set-back to 0.9034 is currently unfolding and the corrective pattern is some kind of flat correction is unfolding. It means that a rally back close to the former peak at 0.9113 and then a second dip close to 0.9034 from where the next impul....

Relevance up to 07:00 2020-07-16 UTC+2 EUR/GBP has recovered from the 0.8936 low. More upside pressure is expected to above the 0.9175 peak and ultimately higher towards 0.9499 peak. Short-term we could see a minor set-back to support near 0.9034 where the next push higher should be expected. Only....

Relevance up to 07:00 2020-07-14 UTC+2 EUR/GBP is holding above key support at 0.8912. The decline from 0.9175 is now losing downside momentum which could indicate a corrective bottom being in place. However, it will take a break above minor resistance at 0.9010 and more importantly a break above ....

Relevance up to 06:00 2020-07-12 UTC+2 EUR/GBP is now at the cross-road. The corrective target at 0.8946 is being tested. It may protect the downside if our bullish count is correct. A break above minor resistance at 0.9010 and more importantly a break above resistance at 0.9068 is now needed to ....

Relevance up to 07:00 2020-07-09 UTC+2 EUR/GBP broke below short-term important support at 0.9000. It may dip to 0.8946 before the next rally to the short-term important resistance at 0.9068 which confirms renewed upside pressure. The break below short-term key support at 0.9000 indicates a temp....

Relevance up to 07:00 2020-07-08 UTC+2 After a nice run to the 61.8% resistance target at 0.9183 we saw that EUR/GBP corrected a bit stronger than we had expected. However, EUR/GBP met strong trendline support near 0.9000, which is expected to protect the downside from renewed upside pressure thro....

Relevance up to 08:00 2020-06-28 UTC+2 The minor sideways consilidation, we have seen over the last week is now coming to an end and we should soon see EUR/GBP break above minor resistance at 0.9085 for the next push higher to 0.9183 and ultimately higher to 0.9485 as a minimum is in wave iii. Sup....

Relevance up to 07:00 2020-06-25 UTC+2 It would be a lie to say that EUR/GBP is in a hurry to break higher. It still managed to make a new short-term higher for the rally since the 0.8864 low indicating more upside should be expected towards 0.9183 as the next hurdle. If our count is correct, then....

Relevance up to 06:00 2020-06-23 UTC+2 EUR/GBP has rallied as ex[ected and has cleared resistance at 0.9025 indicating much more upside pressure towards 0.9499 in the weeks ahead. Nevertheless, it will not be in a straight line and therefore, we must accept short-term corrections and in the short-....

Relevance up to 06:00 2020-06-19 UTC+2 EUR/GBP has not changed much in the last couple of weeks. However, we think that the sideways correction could be close to completion. A break above minor resistance at 0.8994 and more importantly a break above resistance at 0.9025 will confirm a strong impu....

Relevance up to 07:00 2020-06-12 UTC+2 EUR/GBP needed another stab to test solid support at 0.8866. However, the following break above minor resistance at 0.8939 indicates that the correction in wave ii is complete and a new impulsive rally towards 0.9485 can be expected. Short-term, we should see....

Relevance up to 07:00 2020-05-29 UTC+2 EUR/GBP continues to climb up as expected and a break above minor resistance at 0.9006 will call for a continuation of a rally higher to 0.9085 and 0.9183 as the next minor targets on the way higher. In the longer-term, we are looking for EUR/GBP to reach the....

Relevance up to 07:00 2020-05-28 UTC+2 EUR/GBP is finally back to test the neckline support at 0.8866. This former resistance which now acts as support should be able to protect the downside for renewed upside pressure through minor resistance at 0.8930 indicating the next impulsive rally towards ....

Relevance up to 07:00 2020-05-20 UTC+2 EUR/GBP is currently consolidating and we should ideally see a second dip closer to strong support at 0.8866 before the next strong rally higher to 0.9066 and longer term a continuation to and above the former peak at 0.9499. It's possible, that the second di....

Relevance up to 08:00 2020-05-19 UTC+2 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 0.8....

Relevance up to 06:00 2020-05-15 UTC+2 EUR/GBP is again trying to break through the key-resistance at 0.8866. It should be a matter of time before this resistance is wiped out and a strong rally towards 0.9066 will start. The pair may grow above the former peak at 0.9499. Support is currently seen....

Relevance up to 07:00 2020-05-14 UTC+2 EUR/GBP is finally testing key-resistance at 0.8866. This key-resistance will likely be able to reject the first test for a minor corrective decline to support the 0.8777 - 0.8795 area from where the next attack on the key-resistance is expected. A break abov....

Relevance up to 06:00 2020-05-13 UTC+2 EUR/GBP took another stab at the minor resistance-level at 0.8814 and failed again. We think that the pair will try to break this resistance and the next attempt will be successful. It may lead to more upside pressure towards the real key-resistance at 0.8866....

Relevance up to 07:00 2020-05-12 UTC+2 EUR/GBP is currently lagging the power to attack key-resistance at 0.8866, but eventually, this key-resistance will come under fire. It is highly likely that this level will be broken and a new impulsive rally through the former top at 0.9499 can occur. Suppo....

Relevance up to 06:00 2020-05-08 UTC+2 EUR/GBP found a corrective low at 0.8689 as we expected and has started a new clime higher. The first minor hurdle to conquer is seen at 0.8814 and above here will confirm a full test of key resistance at 0.8866, which needs to be broken to finally confirm th....

Relevance up to 06:00 2020-05-07 UTC+2 EUR/GBP dipped slightly lower than expected and didn't find support before a test of 0.8689. This corrective decline from 0.8814 is more than enough to reset, what we expect is the start of a new impulsive uptrend, which should break above the short-term key ....

Relevance up to 06:00 2020-05-06 UTC+2 EUR/GBP is currently in a minor counter-trend correcting the first rally from 0.8671 to 0.8802 once this correction is complete near 0.8737 we expects a new impulsive rally through key-resistance at 0.8866 confirming that a new impulsive rally is developing f....

Relevance up to 07:00 2020-05-05 UTC+2 EUR/GBP dipped to a low of 0.8671 (just one pip above our stop) before taking of strongly again, breaking above minor resistance at 0.8769 and now awaits the much more important key-resistance at 0.8866 and a break above here will confirm the next impulsive r....