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FX.co ★ Elliott wave analysis of EUR/GBP on May 23, 2022

Elliott wave analysis of EUR/GBP on May 23, 2022

Elliott wave analysis of EUR/GBP on May 23, 2022

It has been a while since we last looked at EUR/GBP. Last time (April 1, 2002) when we looked at EUR/GBP, we called for renewed strength towards resistance at 0.9270. A break here will call for a continuation higher towards the long-term target at 1.0592.

Short-term we are looking for a break above minor resistance at 0.8619 to confirm the next impulsive rally higher to 0.9270 and ultimately above here too for the expected rally towards 1.0592.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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