FX.co ★ Elliott wave analysis of EUR/GBP for September 26, 2022

It has been a while since we last looked at EUR/GBP. Since July, EUR/GBP has broken clearly above the neckline resistance of the S/H/S bottom and is now testing resistance at 0.9270 which we expect will be broken too for a continuation towards our long-term target at 1.0592.

In the short term, we could see a temporary consolidation either just below or just above resistance at 0.9270 before the next rally higher to 1.0592.