FX.co ★ Elliott wave analysis of EUR/GBP for June 16, 2022

The last time we looked at EUR/GBP was on May 23 when we called for a break above minor resistance at 0.8595 for a continuation higher towards the strong resistance at 0.9270 and ultimately a break above here should be expected for more upside progress towards the long-term target at 1.0592.

In the short term we should see some resistance near 0.8719, but it should only be a matter of time before this resistance is broken too and strong resistance near 0.9270 is to be challenged.