EURGBP - Wave [4] correction lower.
Following a completed and impulsive wave [3] rally, that has overextended, with oscillators stretched and price failing we look to be starting a wave [4] corrective phase.
This should evolve into an alternate zigzag pattern lower with potential to 0.85875 the 38.2% of the most recent major wave higher.
This should evolve into an alternate zigzag pattern lower with potential to 0.85875 the 38.2% of the most recent major wave higher.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.