EURUSD sold off yesterday so a new a-b-c set-back is here which can be underway to 1.1320. Despite very strong and unexpected reversal down on EURUSD we think that downside can be limited and that bulls will step in, but not just yet.
EURUSD, 30Min
While EURUSD is making three-wave decline that’s when cable may again touch the lows as recovery to 1.2880 was also very slow and corrective. We are now tracking a final leg v on GBPUSD.
GBPUSD, 1h
