Our suggestion considered Friday’s minimum, which outlined the top of the supposed wave 1 (or A) of the descending trend that forms, prevails. If our suggestion is true, then from around current levels the descending trend on the pair EUR_GBP can be resumed. In any case … stochastic also allows a possibility for continuation of the descending trend.
Analysis prepared by:
Maxim Dmitrievsky
Forex4you analyst