EUR/GBP
The decline from 0.8400 became a more complex double zig-zag combination. However, we finally have seen a low for wave 2 at 0.8193. I will now be looking for minor support at 0.8216 to protect the downside for a break above resistance at 0.8247 and more importantly a break above resistance at 0.8260 and 0.8310 confirming a rally towards at least 0.8588 and possibly even higher.
The decline from 0.8400 became a more complex double zig-zag combination. However, we finally have seen a low for wave 2 at 0.8193. I will now be looking for minor support at 0.8216 to protect the downside for a break above resistance at 0.8247 and more importantly a break above resistance at 0.8260 and 0.8310 confirming a rally towards at least 0.8588 and possibly even higher.
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