EURGBP : Intraday Correction Unfolding

7 Mar 2016

EURGBP is trading quite nicely, making a nice recovery in wave B) after five waves were made in wave A). That said, broken upper channel line is a confirmation, that wave A) is completed, and a three wave pullback is in motion in wave B), ideally towards 0.78125 area, where previous wave 4 and even some fibo. ratios could serve as a reversal towards lower levels in wave C).

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