Analysis of EUR/USD and GBP/USD for December 19. Pound will resume its decline if three or more Bank of England board members support rate cut
On December 17, the EUR/USD pair completed lowering by 40 basis points, which is fully consistent with the current wave marking at the moment, and just involves the construction of a new bearish set of waves. Thus, I still believe that the pair is completely ready for a new decline, however, the level of 61.8% Fibonacci raises some doubts.
Jeff Wecker