I had a really good run lower on this pair from .8540 to .8200 and even managed to turn long once the 61.8% Fibo at .8150 held firm. But everything is screaming at me now that we are due for a big move lower in this cross. If EUR/USD can break below 1.3650 and if cable can break above 1.6850, then we will see some fur flying in EUR/GBP.
Timing is everything as we know, but I’m attempting to pre-empt the test of .8150. I will look to add on a bearish break. Let’s see what happens.