EURGBP
EURGBP keeps trading nicely lower within a higher degree impulse labeled as wave C or 3. If that is the case, then the price will see even lower levels, as the current price movement suggests that the pair is trading in blue sub-wave v, that may extend its drop towards the 61.8 Fibonacci projected ratio, from where bears may slow down and a possible reversal higher may start to unfold.
EURGBP, 4H
SILVER
Silver turned sharply lower at the start of the month from the 19.00 area to 17.00 the region, but higher degree charts still show the idea of a corrective price action, but its more complex than we firstly thought. We are tracking a double zigzag now that can be underway back to the 15.00-15.30 area. On the 4h chart, we see the impulsive wave A that can be now near completion, as we can count five subwaves down, so be aware of a bounce up in wave B correction.
SILVER, 4H
