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
EUR/GBP Elliott Wave Analysis
EUR/GBP Elliott Wave Analysis
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