EUR/GBP Analysis, Chart, and Trading Idea

Analytics for EUR/GBP Forex pair, based on complex analysis of modified waves, Fibonacci levels and price channels
 

Bears are testing the support level of 0.8772 again. The downward wave structure is truncated. There is a bullish divergence on the Awesome Oscillator, and the Stochastic Oscillator signals the oversold state.
 

Trading idea:

Buy at the formation of the upward wave structure, where the (A) wave breaches the sloping channel of the descending truncated structure;

Stop-loss: 0.8772;

Target price levels: 0.8807, 0.8860.