EURGBP With A Five-wave Rise - Elliott wave analysis

Hello traders,

EURGBP is in a bullish impulse, up from 0.867 level; now unfolding wave v as part of a higher degree wave A. We see a five-wave structure being made within a sub-wave v of A, which can reach area at the 0.901/0.907 zone, where upside can be limited, and a reversal in three waves may follow. That said, a drop in impulsive fashion, and below the lower channel line would confirm a top in plac, and a three-wave corrective leg underway.

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EURGBP, 1h

EURGBP, 1h