TradingEW
Long

EURGBP forming base ?

FX:EURGBP   Euro Fx/British Pound
62 1 5
This pair is forming a base for it's advance more than anything, target could be high but uncertain.
Wave pattern has been a complex correction (4) with it's red C wave being an large expanding diagonal, almost ready or have started a zigzag wave {v} up.
Trading the breakout.. SL at break of wave {ii} bottom.
Long term view -
Present correction (4) since 11th March will likely retrace at least 0.7990 before resuming down trend.
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