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FxPro Forex Analysis: EURGBP Wave Analysis – 19 July , 2018

EURGBP broke key resistance level 0.8890
• Likely to rise further

EURGBP recently broke above the key resistance level 0.8890 (which stopped the previous waves (i) and i in June and July, as can be seen below).

The breakout of the resistance level 0.8890 accelerated the active minor impulse wave 3 – which belongs to the medium-term impulse wave (C) from May.

EURGBP is likely to rise further and re-test the next resistance level 0.8970 (top of wave (B) and the target price for the completion of the active impulse wave 3).

EURGBP - Primary Analysis - Jul-19 1740 PM (1 day)

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