EURGBP developed well

On April 24th we showed you an intraday trading idea, suggesting that EURGBP should make a new top on the 15-minute chart. As you can see on the chart below, the situation developed well, with EURGBP climbing to 0.8250, which is above the previous high. The whole three-wave pattern now looks like a zig-zag A-B-C, with wave C ending diagonal, telling us that the larger downtrend is likely to continue. Follow our intraday section for more short-term trading ideas.

eurgbp 29.4.14.

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