EURGBP: ⬆️ Buy
– EURGBP reversed from key support level 0.8460
– Likely to rise to resistance level 0.8500
EURGBP currency pair recently reversed up from the key support level 0.8460, which previously stopped the sharp impulse wave (C) in the middle of July.
The upward reversal from the support level 0.8460 completed the C-wave of the ABC correction (B) from the start of August and is currently forming the daily Japanese candlesticks reversal pattern Long-legged Doji.
Given the strength of the support level 0.8460 and the oversold daily Stochastic oscillator, EURGBP currency pair can be expected to rise further toward the next resistance level 0.8500 – target price for the completion of the short-term impulse wave i.
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