EURGBP Flag
EURGBP had made a strong impulsive move from July 2015 to March 2016 (Pole)
Since then the pair have been within a consolidating wedge ( flag) .
Corrective waves A - D have played out.
Possibly wave E may be in progress with price strongly rejecting the 92 -93 level, with price now sitting near the Monthly Pivot of 90.50.
A completion of the E wave would move price back towards the 200 MAV ( reversion to longer term mean) of 86 level.
Two key drivers could be
1. A favorable solution to Brexit - for Pound
2. ECB with further unconventional measures - against Euro
Either or will do it.....
Since then the pair have been within a consolidating wedge ( flag) .
Corrective waves A - D have played out.
Possibly wave E may be in progress with price strongly rejecting the 92 -93 level, with price now sitting near the Monthly Pivot of 90.50.
A completion of the E wave would move price back towards the 200 MAV ( reversion to longer term mean) of 86 level.
Two key drivers could be
1. A favorable solution to Brexit - for Pound
2. ECB with further unconventional measures - against Euro
Either or will do it.....
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.