EUR/GBP Wave Analysis
The counter has kicked off a short-term bear cycle and it is now at its wave 4.
Further, the wave 4 correction could be interpreted as an expanding triangle pattern.
It hit the top of the triangle and is now cooling off which we believe is a new bear cycle in the near-term.
And a head and shoulder pattern has formed as well and hence we expect the pair to be bearish in the near-term.
