EURGBP - Decline due a rest

25 Kas 2016

As ever with Elliott wave there are alternative counts to this one that could show that my wave 3 is in fact a wave 5, but I believe this count is the more likely one as I am still pessimistic regarding the Pound and think it has lower to go yet. Of course, even if the Euro bounces where I think it might, this could be just the start of the 4th wave correction rather than the end but I still think it will recover some of it's decline in the coming days.

3 Ara 2016

Not

ummmm.....interesting.

20 Ara 2016

Not

Currently bouncing along the 38.2 Fib retracement of the uptrend from July 2015.

25 Ara 2016

Not

Looking for some upside to around 87, perhaps even 88 level.