KaQing
Short

EURGBP Analysis

FX:EURGBP   Euro Fx/British Pound
68 0 4
Price is heading towards a important resistance and is structurally in a wedge now. I will sell the heck out of this is if it reaches the last red line, which is a 2008 high (3.618 ext), but it will probably be rected befor by one of the alternate highs. Alternatively the break of the wedge would also be a valid setup IMO. My amateur elliot wave skills would indicate that we are in the end of wave 5, which would also hint at coming trend reversal.
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