EURGBP To Resume Downtrend Once Correction Ends

2020-03-08 23:01:38

EURGBP is making an (a)-(b)-(c) Elliot Wave regular flat corrective pattern against the bearish decline from August 2019 high.

According to Elliot Wave theory, once a corrective pattern is completed, the primary trend resumes.

In EURGBP's case, once wave iv and v of wave (c) are completed, the downtrend should resume.

Targets below wave A low is attainable in the months ahead.

Do you think EURGBP downtrend will resume soon?