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EURGBP MARCH 2022

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Euro / Paun British (FX:EURGBP)  
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FX:EURGBP   Euro / Paun British
Wave Analysis Chart Patterns EURGBP EUR GBP
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waveanalysis chartpattern eurgbp eur gbp
I anticipate the price to reach 0.8550 in March.

I will search for buy setup on lower time frames.

Price may slightly go below 0.8300 level rise from there.
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Price broke the channel with the impulse started from the level I was anticipating.

Now I anticipate the price to correct and the start rising again.

snapshot
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Price has broken the historical support level of 0.8300.

I anticipate the price to complete the corrective pattern then continue downside.

Fundamentally, in this war environment in EU I don't see any reason for the Euro to rise. On the other hand, energy supply risks put another pressure on Euro.

snapshot
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Rise is very aggressive.

Setup has changed, but I still watch for sell setup.

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Penafian

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