EURGBP Flag

EURGBP had made a strong impulsive move from July 2015 to March 2016 (Pole)

Since then the pair have been within a consolidating wedge ( flag) .

Corrective waves A - D have played out.

Possibly wave E may be in progress with price strongly rejecting the 92 -93 level, with price now sitting near the Monthly Pivot of 90.50.

A completion of the E wave would move price back towards the 200 MAV ( reversion to longer term mean) of 86 level.

Two key drivers could be

1. A favorable solution to Brexit - for Pound

2. ECB with further unconventional measures - against Euro

Either or will do it.....