One very interesting pair that we are tracking is EURGBP which shows a nice and clean five wave rally from May lows up to 0.7900 where resistance has been found recently. So far we have seen a nice dip, but only with three legs for now, so we expect another leg down for a valid contra-trend formation. Wave C) drop is expected towards 0.7700-0.7720 area where we will look for a strong push to the upside.
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