We can clearly see from the chart the corrective wave begins in EURGBP just after the completion of simple 12345 Elliott wave count. Moreover the price is channeling and on every retest of upper & lower trendline in bounces back to otherside and this channeling pattern also insync with our Elliot wave count in EURGBP. So check from your side and ensure the risk before entering short trade in EURGBP.