InvestMate|EUR/GBP Prepare for pound strengthening 💶💷

💶💷EURR/GBP Prepare for pound strengthening .

💶💷In the current post we will again look at the situation on the EUR/GBP pair which I have described in previous posts:

💶💷This time I wanted to update some levels.

💶💷As we can see the EUR/GBP behaved exactly as I described in the previous post.

💶💷We broke through a strong support zone which we currently treat as resistance. It results from two measurements. The first is the level 0.618 of the entire upward wave and the second is the level 0.5 of the last upward impulse.

💶💷The support zone has also been updated with a new level of 0.786 which with the outer level of 1.272 of the entire last upward correction forms a cluster. As can be seen, price has also reacted at these levels in the past. I therefore consider it to be relevant.

💶💷The scenario that I have been playing out for almost weeks now is a gradual weakening of the euro against the pound with the aim of falling to the support zone and waiting there for a possible upward correction of the new downtrend.

💶💷*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases.

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