EUR/GBP - Potential bottom in place

EUR/GBP - Potential bottom in place

EUR/GBP potential bottom in place 

The last part of the correction in blue wave, has transformed into an ending diagonal. As long as important short term support at 0.7849 protects the downside, I will be looking for a break above minor resistance at 0.7894 to confirm, that a bottom is in place and a rally back to resistance in the 0.8046 - 0.8066 area is unfolding. Only a break above 0.8066 will confirm a longer term bottom for a rally towards 0.8400.

If however support at 0.7849 is broken, the rally from 0.7764 only has been in three waves and and new test of this long term important support should be expected.  

Tommy
2015-02-26
Great call on nat gas

Just wanted to drop you a note to say great call on nat gas as it held 2.67

Great job.

Tommy
Thomas
2014-08-11
Sublime Counts!
Felipe
2014-05-26
Hi,

I recently tried a 30 day membership and I am very happy with the service. Pls keep up the great work!!! I will continue renewing!!

Felipe