EURGBP Could be in the process of bottoming, as price completed a long term three-drives pattern, while trading within a major pattern. is showing a prolonged as well. I am betting on a move higher over the coming weeks to few months.
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what about the break out on 1-22, 1-23 of the falling wedge and the new low made on 2-17, i am thinking if the economic data continues to improve in the US as the weather warms the Fed will continue to taper QE and the dollar will strength as there is a "risk on" environment in the primary asset classes such as equities, all driving the euro and the sterling from recent highs.