EUR/GBP: sell targets - 0.6900 and 0.6800
By: Dmitriy Chernovolov
- EUR/GBP broke strong support area
- Next sell targets - 0.6900 and 0.6800
EUR/GBP recently broke sharply through the strong support area located between price levels 0.6980 and 0.7050 (this support area has been reversing the pair from the start of March, as you can see below). The breakout of this support zone accelerated the active minor impulse wave 3 (which belongs to the intermediate downward impulse wave (3) from the start of June, as you can see below).
EUR/GBP is likely to fall further inside the active impulse waves 3 and (3) in the direction of the next sell targets at the support levels 0.6900 and 0.6800.