The EUR/GBP has been on a strong bullish run during the last week. Yesterday was the first bearish daily close for 8 days and price looks a bit overextended to me. Lower time frames are indicating a shift in order flow as well if you look at the strong sell off, followed by a corrective structure. If this structure holds I expect price to drop to at least 0.86000.
Trade closed: target reached:
Deeper pullback than expected but first target level reached.