On the 4h chart of EUR/GBP we see a nice bearish price action unfolding down from 0.8851 which is expected to continue after a recent three wave bounce to 0.8640, labeled as wave 2).
If we are correct, then we know that strong bearish move with accelerating price action is around the corner as wave 3) is normally the strongest wave. But as traders we need to focus on minimum expectations which in our case means a drop below the levels from Jan 27th.
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EUR/GBP, 4H
