EURGBP downtrending to 0.76 Short

Euro Fx/British PoundFXCM

Description

⋅ Jul 5, 2022 8:15 PM

The advance is failing and the downtrend takes over. With the Pound targeting 1.00 to the dollar, down there, at the bottom, EURUSD will be roughly equal to EURGBP.

EURGBP targets 0.76,
EURUSD should land slightly higher: 0.79..0.80.

Wave Analysis