From beginning of the year eurgbp was stuck into 0.8815-0.8395 range zone which recently was broken to the downside. This only suggest that the up trend from the 0.7753 swing low is in correction mode. Taking this in consideration we should expect and ABC correction of the entire up trend from the 0.7753 low. History of eurgbp suggest that we should see a complex correction and we already had a zig-zag pattern forming the first wave A of our correction.
Although for now we broke bellow our 0.…
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