EUR/GBP Is Breaking Lower Out Of Projected Bearish Triangle

10 and one 10 us dollar bill

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EUR/GBP is coming lower after UK CPI inflation data and ECB Cut last week as mentioned and highlighted on May 24.

(Click on image to enlarge)

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EUR/GBP Daily Chart From May 24, 2024


As you can see today after two weeks, EUR/GBP is nicely breaking out of the projected wave (B) bearish triangle pattern, so wave (C) of C can now be in progress with room down to the lower triangle line near 0.84 - 0.83 support area, from where we will have to be aware of bounce and recovery.

(Click on image to enlarge)

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EUR/GBP Daily Chart From June 10, 2024 


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For a detailed view and more analysis like this, you may want to join our live webinar tomorrow June 11 2024 @ 15.00CET.  

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