$EURGBP (8.19.2013)

Pair has completed a cycle from 0.8731 & 0.8770 highs so expect a recovery in series of 3 waves toward 0.8635 – 0.8667 where pair can find sellers and attempt to resume the decline. Give recovery from 0.8500 low is so far in 3 waves, we don’t like buying the pair into the proposed move higher.

If you would like to see where this fits into the bigger picture (4 hour, daily and weekly). Why not sign up for 14 day TRIAL for FREE 


Subscribe to our Forex Blog

First Name: *
Last Name: *
Your Email Address: *