FX.co ★ Elliott wave analysis of EUR/GBP for June 26, 2020

The minor sideways consilidation, we have seen over the last week is now coming to an end and we should soon see EUR/GBP break above minor resistance at 0.9085 for the next push higher to 0.9183 and ultimately higher to 0.9485 as a minimum is in wave iii.

Support at 0.9000 should be able to protect the downside for the expected break above 0.9085.

R3: 0.9183

R2: 0.9134

R1: 0.9085

Pivot: 0.9017

S1: 0.9017

S2: 0.9002

S3: 0.8988

Trading recommendation:

We are long EUR from 0.8760 with our stop placed at 0.8910