EURGBP made some nice recovery from 2025 lows, with the 7% gain. However, from both Elliott wave and cycle standpoints, EURGBP seems to have a completed complex (W)(X)(Y) structure within wave D of an unfinished A-B-C-D-E triangle. So, if we are correct, it's now slowing down within the final wave E, which can take some time, at least in the first half of 2026, as wave E will likely be unfolded in three legs (A)(B)(C), with the current (B) wave completed at resistance. So weakness can resume soon, back to 0.86.
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