EURGBP completes a 5 wave move after this mornings BOE rate cut. Looking for a correction to follow.
Last nights breakout yielded a 4.5% move. Tonight the USD/RUB remains supported, suggesting another imminent breakout towards 67.75. In the event of a bounce, targets move back to 73.50
The USD/CAD has completed a measured move with today's high. A correction suggests a return to the bottom of the formation near 1.3518.
The EURUSD is testing the June 2019 High. A reversal in the trend targets 1.1170 & 1.0885.
Bounce or break Bullish Projection 1.3550 Bearish Projection 1.3200
Bear Flag , Projection of 1.3175 or better on breakout
Range High projected near .9100 , Bullish breakout extends to .9200
USDCAD at the bottom of a 4H range ahead of BOC. Bullish breakouts target 1.3400
Bounce and Breakout projection towards .6380
On bearish DXY break, Target 1.43% rise in EURUSD to 1.1280 .