EURGBP looks to have completed a corrective rally within red wave b) or ii) around 0.8816 region, from where a new drop lower followed. We now see a current weakness as part of red wave c) or iii), which can unfold a five-wave bearish movement.
EURGBP, 1H
German dax is trading in a bearish impulse of a higher degree, labeled as black wave A. Specifically we see the price trading in a minor corrective wave four, that can fully unfold in the near-term, which means one more leg lower could follow on the stock.
German DAX, 1H
