Forex Trading Library

EURGBP – In an AB=CD correction

By Ian Coleman Last updated Jun 24, 2025

The move higher is mixed and volatile, common in corrective sequences
A possible AB=CD formation looks to target 0.9137
We have a 78.6% Fibonacci pullback level of 0.9460 from 0.9306 to 0.8621
Preferred trade is to sell into rallies
The rally is close to an exhaustion count on the intraday chart

Ian Coleman

PIA-First provide award winning trade ideas on financial markets. Ran by traders for traders, PIA-First offer professional technical analysis combined with market sentiment specifically designed for the professional trader and investor whether they are independent or working in a financial institution. Our research covers over 25 different financial instruments from major equity indices, commodities and spot foreign exchange (FX).

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