EURGBP Short

The EurGbp experienced a huge retracement of almost 100% Fibo retrace. from 0.820 but still within its long-term descending channel. Right now it is retesting the 61.80% Fibo Retrac level. and its continuation is shown with a lot of bear power in the Euro.

The EUR/USD pair trades around the 1.1000 level after bottoming at around 1.0944 earlier in the day which gives us hints on where its headed