EURGBP: Hurst Cycles - 21st July 2022
EURGBP confounds from the 40 week nominal low. However, breaking through the uncertainty at the longer term phasing is the 80 day nominal component with a quite wonderful signal
EURGBP continues in it’s bear market, due to make a major bottom mid-late 2024. Most recently we were anticipating the 40 week nominal low which appears to have occurred either on the 14th April or 17th May, as phased below. There is a 40 day margin of error in this phasing analysis as the medium/longer term phasing is less than clear. This is mainly due to the lack of amplitude at the longer term components, evident in the largely sideways to down price action we have seen for the last year or so. This instrument does feature an excellent 80 day nominal component, shown below at the short term chart and showing minimal frequency modulation.
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