EUR/GBP is showing a bullish trend on the daily timeframe, as it follows a descending channel and has completed the Elliott Wave 12345 pattern. Currently, the price is in the ABC correction phase. A buying opportunity arises after a breakout above the descending trendline, targeting the key resistance level and the descending channel's resistance trendline.
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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.