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EURGBP: Weekly Elliott Waves Analysis 8th May 2017

EURGBP in uptrend The truth is, I may be forcing the C to end. But the alternative is a very sharp fall to 0.7594 (which is not impossible because wave 2 is usually a sharp correction). The plan that I will suggest then is to be long and be wary that if EURGBP turns down and breach the low of the right-most A, turn short.

This will also mean that my EURUSD count will have to change to one that actually shapes into a nicer form.