Sokow
Short

Correction finished -> Lower prices to come

FX:EURGBP   Euro Fx/British Pound
This is an easy one.
You see an ABC correction (in red) with a wave 5 in wave c which terminates at 0.5 fibo of wave 1 to 3 added to wave 4 (see the dashed line from b to 4).
RSI is showing a divergence which also gives the signal that the correction is over and lower prices will come.
Price also broke below the wave 4 and strengthens the signal.
We should see price falling rapidly.

Further information:
We could see the weakness of the euro             in the last weeks and the QE program of the ECB will speed up this weakness.
Sokow PRO
2 years ago
We saw a zigzag with the 5-3-5 structure. Wave seems to be extended and may find its end at 0.72154. We should see EURGBP falling.
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