💶💷As I have written many times before, my opinion remains unchanged, I still believe that we are in for declines on the EUR/GBP pair.
💶💷Link to previous posts:
💶💷I am again bringing you an Update to give you my perspective and current thoughts.
💶💷The chart has been updated with new support and resistance levels.
💶💷 Let's start with the resistance level we are at.
💶💷It was determined by a cluster of fibo levels. The first is the 0.618 level of the entire upward wave from bottom to top, the second is the 0.786 level of the entire recent upward correction. As you can see, the price has repeatedly found either resistance or support at these points.
💶💷 There are support zones ahead in the south direction.
💶💷The first one was determined by the 1.272 level of the entire upward correction and we can see that the price has paid attention to this price level in the past.
💶💷The second was determined from a cluster of levels. The first is the 0.786 level of the entire bottom-to-peak wave and the second is the outer level of 1.618 of the last upward correction.
💶💷The scenario I am playing out is a continuation of declines to support zones with the possibility of corrections along the way. If the perspective would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💶💷*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.
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