EURGBP--Thursday, September 17, 2009
An impulsive move off an alpha-beta base. The first wave up failed 10 pips below a theoretical 1.618 target on August 27th. After a sideways correction which stayed above the top of the alpha-beta base, the current wave up should have a target somewhere between 0.9075 and 0.9100. (Minor resistance somewhere around 0.8940-0.8960.)
A daily chart:
And more detail in an 8 hour chart:
