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EURGBP is still in sell off mode and made lower lows and lower highs the last week. Price is sitting on monthly lows with support area 100-150 pips away.
There is still a Gap to be filled from June 2016.
After the 5 Waves to the downside, the last push to the upside is a wave A. We are currently in wave B and it still can take 1-2 weeks before we'll see to next move to the upside.
This will then be Wave C, which should happen pretty fast.
Have a look at my GBPUSD Wave analysis to see where the pound is heading:
This is no investment advice, just for educational purpose. Trade with care and do not risk your own money, before succeeding at demo trading.
EURGBP is still in sell off mode and made lower lows and lower highs the last week. Price is sitting on monthly lows with support area 100-150 pips away.
There is still a Gap to be filled from June 2016.
After the 5 Waves to the downside, the last push to the upside is a wave A. We are currently in wave B and it still can take 1-2 weeks before we'll see to next move to the upside.
This will then be Wave C, which should happen pretty fast.
Have a look at my GBPUSD Wave analysis to see where the pound is heading:
This is no investment advice, just for educational purpose. Trade with care and do not risk your own money, before succeeding at demo trading.
