Our expectation for the EURGBP pair is the launch of the third wave after the end of the second wave, which is corrected in the form of flat . The wave invalidation level is 0.83380.
29/08/2022
Euro prices are preparing to rise against the British pound sterling after completing a model 1 2 1 2, to form a wave (iii) that target prices at 0.87211.
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From the possible bottom in wave ((B)) of b, we could count a five-wave advance in wave 1 of (1) of ((C)) which has ended and also wave 2 which ended in a zigzag formation, critical support at 0.82033, a key level at 0.83400
03/09/2022
It is trading in a bullish impulsive wave ((C)) that completed the wave ((i)) and ((ii)). It is ascending now to high in wave ((iii)) which targets the peak formed by the wave ((A)) as a first target at 0.93065. and its critical limit is 0.83400.
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Comes closer to the weekly range, in which we expect wave b to be in play, we are looking for wave b to be a zigzag, in which wave ((A)) have ended, and also wave ((B)), but we still searching for evidence that wave ((B)) has ended, critical support at 0.82033
From wave (III), we are looking for wave (IV) to be a flat correction, in which wave a has already ended and now the pair in wave b, which target inverse 1.382, which comes at 1.11900