EUR/GBP - Correcting before final move higher

٢٩ يونيو ٢٠١٦

The third wave of wave 5 has ended at 0.8375 and is now correcting ideally towards 0.8075. Then a final move higher will complete a 5-wave structure which started at 0.6930. This pair broke out a double zigzag pattern that started in 2008 so I'm long term bullish on this pair. However, after 5 waves are complete it will correct for months before a strong up move will take place.