empty
 
 
You are about to leave
www.instaforex.eu >
a website operated by
INSTANT TRADING EU LTD
Open Account

26.01.202308:32 Forex Analysis & Reviews: Elliott wave analysis of EUR/GBP for January 26, 2023

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 26.01.2023 analysis

EUR/GBP has seen an expanding leading diagonal as sub-wave i/, which has been followed by an expanding flat correction that still could move a bit lower into the support area between 0.8770-0.8785 before setting the stage for the next impulsive rally higher to at least 0.8994 and possibly even higher.

Short-term a break above minor resistance at 0.8824 will be a strong indication that sub-wave ii/ has completed and sub-wave iii/ higher to 0.8994 is unfolding.

Torben Melsted
Analytical expert of InstaForex
© 2007-2024

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




You are now leaving www.instaforex.eu, a website operated by INSTANT TRADING EU LTD
Can't speak right now?
Ask your question in the chat.

Turn "Do Not Track" off