EUR/GBP rising inside the minor B-wave
- EUR/GBP rising inside the minor B-wave
- Next buy target – 0.8500
EUR/GBP continues to rise inside the minor B-wave of the intermediate ABC correction (4) from the start of this month. The active B-wave started earlier last week – when the price corrected up from the support zone lying between the support level 0.8300 and the 38.2% Fibonacci correction of the previous sharp intermediate impulse wave (3) from the end of June.
EUR/GBP is expected to rise further in the active B-wave toward the next buy target at the resistance level 0.8500 (forecast price calculated for the termination of wave B). Buy stop-loss can be placed below the aforementioned support level 0.8300.