stanchiam
Short

Eurgbp 14 Aug 2019

FX:EURGBP   Euro / British Pound
Wave look incomplete, expecting bigger fall at least for the short term once price close below support and extend
GU could move up to support it
Comment: price below 0.90204 to confirm extension down, else still possible it could go for new high
Comment: bears took out 0.90204 with ease, now the full show begin, more extension lower
Comment: nothing much to update for now, more extension lower
Agree with your idea. 0.922 is the first support to break and if it gives up today - we will see 0.918 where a bounce up can occur again before a move further down to 0.908
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@Erland, lets watch it unveil, wish it come true
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Erland stanchiam
Price came down 1 day later, and broke 0.922 only today after UK sales report. Price is not going to drop at a fast rate although all UK data from the last few reports was good. The lowest we can go today is 0.9165 but 0.918 should stop the fall. It will take around 2 weeks (at least) before we can reach 0.905-0.895 levels as buyers are not giving up easily.
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@Erland, possible, your 0.918 is similar to my initial TP, but from waves, it still has potential for bigger fall, am holding rest of position until further update
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