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Elliott Wave Analysis: EURGBP Intra-day View

Elliott Wave Financial Service
By Elliott Wave Financial Service

EURGBP made a new drop lower, which suggests, that black wave ii of a higher degree is completed at the 0.92300 region. This means, that current drop can now represent blue wave 1 of three, that can follow in days ahead. At the moment we see price specifically trading within sub-wave 4) of one, that can search for resistance near the Fibonacci ratio of 38.2.

EURGBP, 1H

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Elliott Wave Financial Service
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