EURGBP – In an AB=CD correction
The move higher is mixed and volatile, common in corrective sequences
A possible AB=CD formation looks to target 0.9137
We have a 78.6% Fibonacci pullback level of 0.9460 from 0.9306 to 0.8621
Preferred trade is to sell into rallies
The rally is close to an exhaustion count on the intraday chart