p19860601
Short

eurgbp possible H&S

FX:EURGBP   Euro Fx/British Pound
11 0 0
i do not think eurgbp0.88% will go back up. a previous harmonic pattern is just completed and now we went in a H&S pattern which worked out perfectly so far. Also GU is moving upwards...
lets see what next week brings but i am sticking with going further down to 0,7547 where 0,618 fibo lies.
GU shows strenght which will indicate people believe UK wont quit. as long as the status quo is positive GU continues upwards ergo eurgbp0.88% down which suits this pattern just fine.
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