June 18, 2014
EUR/GBP recently fell sharply below the support level 0.8100 that was set as the sell target in our previous report for this currency pair. The breakout of this support level accelerated the currently active 3rd minor impulse wave 3 belonging to the 5th intermediate impulse (5) from the end of May (as you can see from the daily EUR/GBP chart below).
EUR/GBP is expected to fall further to the next sell target at 0.7930 (forecast price for the completion of the minor impulse 3 – intersecting with the support trendline of the daily down channel from last August).
The post HY MARKETS News: Forex Report: EUR/GBP appeared first on | HY Markets Official blog.
