Decrease within the development of a double zigzag is expected

23.07.2021

At a time when the euro cannot do anything about the pressure exerted by the dollar, the pound is confidently coping with the American currency. The growth of the British currency was expected, but the movement turned out to be too rapid, the plan was exceeded.

Further downside is expected within the development of the final wave, the supposed double zigzag. Potentially, the movement looks quite promising, so it is worth trying to participate in this possible movement.

Investment idea: sell 1.3750, stop loss 1.3780, take profit 1.3450.