Morgan Stanley with Elliot Wave analysis, starting at the big picture and down to a lower time frame
The technical and
fundamental picture suggests
further upside for EUR/GBP.
Having completed the 4th
wave with a low at 0.6936, we
believe that EURGBP’s 5th
wave would initially head
towards the top end of the
channel at 0.83. If our 5-wave
analysis is correct then
EURGBP would eventually
trade above the 3 -wave top at
0.9812, a multi-year target.