EURGBP prepares to follow the market crash, 0.76 coming soon.
This is the end of wave 1 of C in EURGBP and the end of wave 1 of 3 of the sell-off in Treasuries. Some yield-sensitive stocks have already traced their primary wave 1 too (TSLA, AAPL, AMZN). Once the sell-off in Treasuries resumes in wave 3-of-3 in a few days, the rest of the market will finally get triggered and the crash will begin in Stocks.
At the same time the short-squeeze in the dollar will commence. On the way down the EUR will be falling faster than the Pound, thereby pushing EURGBP lower. The length of w3 in EURGBP will be approx. 1000 pips, so 0.76..0.77 is the next waypoint.
Timings: I think March is the answer. 1000 pips per month in EURGBP is an appropriate target. May be a bit longer, a bit of April. But not May.
At the same time the short-squeeze in the dollar will commence. On the way down the EUR will be falling faster than the Pound, thereby pushing EURGBP lower. The length of w3 in EURGBP will be approx. 1000 pips, so 0.76..0.77 is the next waypoint.
Timings: I think March is the answer. 1000 pips per month in EURGBP is an appropriate target. May be a bit longer, a bit of April. But not May.
