Friday, January 24, 2014

EUR/GBP - Wave 2 bottom likely in place.

EUR/GBP

The odds for wave 2 being complet at 0.8164 is pretty good, but we need a break above 0.8349 to confirm that wave 2 did indeed end at 0.8164. At the same time a break above 0.8349 will indicate, that wave 3 higher towards at least 0.9248 and likely even higher towards 0.9898.

2 comments:

  1. Hi EWS,

    Any idea for audusd? Do u think one more low around 0.86 and 3 wave bound back to 0.95?

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    Replies
    1. Hi Juan,

      No not at all. I'm looking for more downside action over the coming weeks.

      I have updated my view on AUD/USD on the blog.

      Kind regards
      EWS

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