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Tuesday, February 4, 2014

EUR/GBP - Wave 3 higher is most likely devloping for a rally towards at least 0.9248.

EUR/GBP

Please see my last post from January 24 here

As I suspected in my last post from January 24 we have seen a low at 0.8164, but to confirm this low we still need a break above resistance at 0.8349. A break above resistance will call for a rally higher towards the inverted S/H/S neckline at 0.8688 and a break above here will call for a continuation higher towards at least 0.9248 and more likely even higher towards 0.9898.


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