What next for EUR/GBP ?
The Correction to the High achieved in December 2008 ended in July 2015.
Wave 1 of the new move upwards ended in October 2016 and was followed by a Corrective Wave 2 move downwards to a Fibonacci Re-Tracement level of 0.618.
This Corrective move also agreed with the end of sub wave 4 of the previous move upwards.
I now expect the upward move to continue into Wave 3 commencing with a break of 0.8855.
The Correction to the High achieved in December 2008 ended in July 2015.
Wave 1 of the new move upwards ended in October 2016 and was followed by a Corrective Wave 2 move downwards to a Fibonacci Re-Tracement level of 0.618.
This Corrective move also agreed with the end of sub wave 4 of the previous move upwards.
I now expect the upward move to continue into Wave 3 commencing with a break of 0.8855.
Trade closed: target reached