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KlejdiCuni

EURGBP: Time For a Deeper Correction?

Short
Euro / British Pound (OANDA:EURGBP)  
KlejdiCuni Updated   
OANDA:EURGBP   Euro / British Pound
Trend Analysis Chart Patterns Wave Analysis
10
1
trendanalysis chartpattern waveanalysis
EURGBP: Time For a Deeper Correction?

From our previous analysis the price reached our first target and moved close to the second one.

We can also observe a bearish price reaction near the zone.

After the Eurozone November final CPI +2.4% vs +2.4% y/y preliminary report it is likely that the bearish move can continue to push the price down more.

A strong support zone is expected near 0.8560

Thank you and Good Luck!
Comment:
Previous Analysis:
EURGBP: LONG - Structure Analysis
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