EUR/GBP Is Looking For A Bigger Corrective Recovery

Let's talk about EUR/GBP and its price action from Elliott Wave perspective.

EUR/GBP is in a recovery mode after an impulsive decline into a wave A) in March and April, ideally in three waves A-B-C up to 61,8% - 78,6% Fibonacci retracement for wave B), where 0.92 – 0.93 resistance area can be retested before we may see another decline into a wave C).

As you can see, currently it's slowing down within a lower degree wave B correction after an impulsive five-wave rally into a wave A, so keep an eye on the projected support around 0.8800 level, from where we may see another five-wave rise into a mentioned wave C of B).
This is actually where a bigger three-wave rally may come to an end as part of a bigger sideways weekly triangle range.

Respect the price action and trade smart!

EUR/GBP, 4H