Elliott Waves Forecasting the path in $EURGBP

On May 18th $EURGBP broke the 04/26 low (0.77316) ,calling for further extension lower toward : 0.7564-0.74728 zone where it was expected to complete wave ((4)) daily pull back. A few days after, inflection area had been reached and buyers showed up immediately, making bottom at 0.7563. So far $EURGBP has made gain of  10.76% ( 800+ points rally)

The video below is a short capture from the NY Live Analysis Session held on 05/18 by EWF Founder & Chief Currency Strategist Eric Morera. He presented h4 and Daily Elliott Wave counts of $EURGBP, forecasting the decline toward reversal area :0.7564-0.74728 and further rally in wave ((5)) toward new highs.

Update charts and expected future path of $EURGBP can be found in the membership area of EWF. ( If not a member yet just sign up for 14 days Free Trial)

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