InvestMate

InvestMate|EUR/GBP Continuation Of Declines Looming💶💷

Short
FX:EURGBP   Euro / British Pound
💶💷EUR/GBP Continuation Of Declines Looming

💶💷Post is a direct continuation of my previous post in which I announced the continuation of the declines on EUR/GBP:

💶💷As you can see, it didn't take long for any reaction to confirm the continuation of the declines.

💶💷Today's movement exceptionally confirmed my assumptions.

💶💷The first support zone ahead of us was determined by a cluster of two fibo levels. The first is 0.236 of the downward wave from the peak of 2020 to 2022 bottom. The second level is 0.382 of the upward wave from the 2015 bottom to the 2020 peak.

💶💷There is one more zone below this zone which I think will be the target over the months. The first level with which it was determined is 0.886 of the upward wave from the bottom 0.4.03.2022 to the peak 22.09.2022. The second level is 0.5 of the downward wave from the peak 2008 to the bottom 2015.

💶💷The scenario I'm playing out is a continuation of the declines, respecting support zones along the way. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description.

💶💷*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀

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