EURGBP preparing for wave 3 with target 0.897
A perfect retrace to the 0.886 fibo level for EURGBP which is not uncommon for a wave 2. The wave 5 pattern is forming and it needs to show more of its true colors (expect some more up & down in wave 2 & wave 4) but eventually we should see 0.897 & 0.90 in due time. This coincides with the H4 bearflag on GBPUSD & the COT data on Euro which is certainly bullish. There are currently more longs than shorts on the Euro. Stay tuned for this turtle which moves even slower than EURUSD.
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