EUR/GBP Harmonic Analisys

10 במאי 2012

Market may be forming bullish harmonic gartley pattern on weekly timeframe (long term). Price action is at 100% AB=CD pattern level and it may rally up from psychological 0.80 area. However Weekly and Daily MACD are bearish and EUR/GBP pair may go lower to form 127% ABCD pattern. Watch for 61.8% and 78.6% Fibonacci retracement levels if price would go lower.