EUR/GBP is about to start new down cycle

FX:EURGBP   Euro / British Pound
EUR/GBP             has finished full Elliot cycle and now forming ascending wedge which might soon be broken odwn. The move will indicate a start to a new Elliot cycle and very weak euro             against pound.
Sell setup on an hourly chart might emerge when a local engulfing appears near the upper boundary of the wedge .
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