HomeContributorsTechnical AnalysisEUR/GBP Still Struggles To Rebound Off The 0.8450 Support Area

EUR/GBP Still Struggles To Rebound Off The 0.8450 Support Area

Crude Oil is turning higher this week with five waves up from 51.20, so it can be a very interesting market this month as price action suggests that bulls can be back in control. However, nothing moves in straight line so be aware of a three wave set-back to 52.20 area before uptrend may resume. Invalidation level is now at 51.21; as long this price holds; trend is up.

Crude OIL, 1H

Elliott Wave Financial Service
Elliott Wave Financial Servicehttp://www.ew-forecast.com/
Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

Featured Analysis

Learn Forex Trading