EURGBP Bearish Cypher
EURGBP is in a Bearish Trend, with price below the 200 MAV.
A recent consolidation may be suggestive of a Cypher Harmonic, with the CD leg
underway. Momentum confirms a bullish divergence. The target is .786 retracement of the XA leg at .8460.
From there the downtrend continues with the next impulse to .8310.
A recent consolidation may be suggestive of a Cypher Harmonic, with the CD leg
underway. Momentum confirms a bullish divergence. The target is .786 retracement of the XA leg at .8460.
From there the downtrend continues with the next impulse to .8310.
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.