The EUR/GBP pair is currently in a downtrend forming an Elliot wave.
It has completed its third and fourth wave, and resumed its fifth wave.
It has broken off a bearish flag pattern.
Hence we expect the pair to bearish in the short-term.
It has completed its third and fourth wave, and resumed its fifth wave.
It has broken off a bearish flag pattern.
Hence we expect the pair to bearish in the short-term.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.