Elliott wave analysis of EUR/GBP for March 25 - 2020

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Once the ongoing correction in wave iv is completed, a final rally to 0.9742 is expected to complete the long-term rally from 0.6909. Later, a new large decline will be expected. The first major target is seen at 0.8295.

R3: 0.9390

R2: 0.9276

R1: 0.9217

Pivot: 0.9174

S1: 0.9089

S2: 0.9042

S3: 0.8995

Trading recommendation:

We will be looking for a possible EUR buying opportunity near 0.9010

The material has been provided by InstaForex Company - www.instaforex.com