Similarly to EurUsd we also may have the current formation being the right shoulder of an SHS formation that should see the top of the right shoulder finalise in the 0.8450/70 area.
Thursday, 8 March 2012
EurGbp
EurGbp daily chart continues to hold the main daily support line 0.8333 ( daily closing basis) after completing a 78.6//88.6 Fib retracement which ideally would now target a run into the reciprocal 113.0// 127.2 Fib extension to complete an AB = CD leg.
Similarly to EurUsd we also may have the current formation being the right shoulder of an SHS formation that should see the top of the right shoulder finalise in the 0.8450/70 area.
Similarly to EurUsd we also may have the current formation being the right shoulder of an SHS formation that should see the top of the right shoulder finalise in the 0.8450/70 area.
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