ew-forecast

Elliott Wave Analysis: EURGBP Udergoing A Bigger Correction

FX:EURGBP   Euro Fx/British Pound
EURGBP             bounce nicely this week from 0.83332 so we can expect more upside next week as well as we think that bigger corrective bounce is unfolding. We labeled wave A) up that is now near resistance so pair can see some lower prices into wave B) pullback before even higher wave will show up towards 0.8550 region. We will again turn bearish on this pair, but after a completed A)-B)-C) run.

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