EUR/USD, GBP/USD At Top Of Channels; Rallies Set To Terminate S/T

EUR/USD has rallied near the top of the 3 month channel at 1.3292 where directly above lies the 61.8% retracement at 1.3340, says Commerzbank. That, according to CB, suggests that this was an ‘a-b-c’ correction (wave 4) and this move higher is already complete and over. “Above 1.3340 lies …

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EUR/USD, GBP/USD At Top Of Channels; Rallies Set To Terminate S/T – Commerzbank

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