Stocks and Dollars

EUR/GBP Elliott Wave Analysis

July - 7 - 2010

The single currency fell to indicated downside target at 0.8149 (1.236 times projection of wave 1) without staging anticipated recovery and as price has rebounded from 0.8067 (last week’s low), suggesting the minor wave v of 3 has possibly ended there and consolidation with upside bias is seen for retracement

Central Banks

EUR/GBP Elliott Wave Analysis

July - 7 - 2010

The single currency fell to indicated downside target at 0.8149 (1.236 times projection of wave 1) without staging anticipated recovery and as price has rebounded from 0.8067 (last week’s low), suggesting the minor wave v of 3 has possibly ended there and consolidation with upside bias is seen for retracement

Central Banks

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