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fxice
May 10, 2012 1:22 PM

EUR/GBP Harmonic Analisys 

Euro Fx/British PoundFXCM

Description

Market may be forming bullish harmonic gartley pattern on weekly timeframe (long term). Price action is at 100% AB=CD pattern level and it may rally up from psychological 0.80 area. However Weekly and Daily MACD are bearish and EUR/GBP pair may go lower to form 127% ABCD pattern. Watch for 61.8% and 78.6% Fibonacci retracement levels if price would go lower.
Comments
zanderluke1
Agreed.
zanderluke1
Disagreed.
zanderluke1
Agreed.
fxice
Comments and followers are welcome
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