Euro-Pound continues to retreat in favor of British currency. As we already spoke of with some stretches, a currency pair yet can form more complex 5th wave in 5th, but today the priority remains for keeping an outline of overall descending movement. And after completion in forming wave 1 (or A) in outlined descending trend, by looking on deviations we can, probably, examine sells possibilities.

Analysis prepared by:

Maxim Dmitrievsky
Forex4you analyst