-Price came right off the .764 of the last major decline.
-Printed monthly candle
-Next candle printed also monthly candle
-price retraced and printed another monthly candle off the .618
-that same candle retested the bottom of the first monthly candle off the .764
I assume the pound gets much stronger against the EURO long term.
That is just an assumption though, so we will just play the charts as they give us setups.
THIS IS A MONTHLY CHART = LONG TERM