EURGBP SHORT; Daily and 1hr

EURGBP's price action has been defined by bullish momentum for the past month, taking it to near the upward limit of the pair's current downward channel. As price has stalled over the past week (10-14 June), when encountering the long-term pivot point at the 0.89 level, we expect a bearish breakout to at least the 23.6% Fibonacci retracement level, and perhaps beyond.