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EUR/GBP Wave Analysis

Short
Euro / British Pound (OANDA:EURGBP)  
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OANDA:EURGBP   Euro / British Pound
Wave Analysis EURGBP eurgbpshort eurgbpsell eurgbptrend eurgbpanalysis eurgbpforecast eurgbpbearish eurgbpsignal eurgbplong
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waveanalysis eurgbp eurgbpshort eurgbpsell eurgbptrend eurgbpanalysis eurgbpforecast eurgbpbearish eurgbpsignal eurgbplong

The counter is currently in a short-term bear cycle.
It has completed wave 4 in the form of a bearish flag pattern and has commenced wave 5 with a strong engulfing candle.
Hence, we expect the pair to be bearish in the near-term.
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