Back on June 24, we noted that EUR/GBP remained within a broader bearish structure, with downside pressure still dominant despite intermittent corrective moves. Price action has since continued to develop in line with that outlook.
EUR/GBP is now resuming lower within the projected wave “iii” and appears to be unfolding subwave (iii) of this decline. This suggests that the impulsive phase of the move is still in progress, supporting further downside in the near term.
However, as is typical within third-wave structures, short-term corrective pullbacks are expected, with a subwave (iv) retracement likely before the downtrend continues. Overall, the structure remains bearish as long as price holds below key resistance levels.
EUR/GBP is now resuming lower within the projected wave “iii” and appears to be unfolding subwave (iii) of this decline. This suggests that the impulsive phase of the move is still in progress, supporting further downside in the near term.
However, as is typical within third-wave structures, short-term corrective pullbacks are expected, with a subwave (iv) retracement likely before the downtrend continues. Overall, the structure remains bearish as long as price holds below key resistance levels.
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면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.