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TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
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TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B
BTC DOMINANCE 0.0%
ETH DOMINANCE 0.0%
TOP SECTOR EUR STABLECOIN (0%)
TOP CRYPTO MARKET CAP $0.00T
24H VOLUME $0.00B

EUR/GBP Elliott Wave forecast: Drop expected from symmetrical pattern

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The EUR/GBP pair is forecasted to drop, with Elliott Wave analysis pointing to a decline from the “equal legs” area. This technical indicator, widely used by market analysts, suggests the pair has reached a resistance zone, heightening the probability of downward movement. The equal legs structure often signals the conclusion of corrective waves in Elliott Wave theory, indicating a bearish phase may follow.

EUR/GBP Elliottwave Forecast as of December 17, 2024
Source – FXStreet

Traders closely monitoring the pair see this development as a potential setup for short positions. The analysis aligns with broader market sentiment, where economic uncertainties and diverging monetary policies between the Eurozone and the UK continue to influence currency movements. As the pair struggles to break higher, market participants brace for volatility, with many preparing for a test of lower support levels in the coming sessions.

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