ew-forecast

EURGBP Trapped In A Triangle

FX:EURGBP   Euro / Libra Esterlina
On EURGBP we are tracking big triangle placed in fourth wave but still incomplete. We need five waves within a sideways move where wave (E) is still missing. Ideally price is now at the start of a new three wave bounce on hourly chart before market could turn down, ideally from around 0.7300.

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