Please click on the Daily EURGBP Chart on the left for a better view.
To me it looks like we are well on way to the 0.8400 area in the short term with the 0.8800 level now likely to provide solid resistance. I like the way the 200 day MA (light blue line) which comes in around 0.8250 looks like it wants to join up with the downward sloping wedge that is highlighted by the yellow lines.
I would be surprised if we do not see a move below 0.8700 tonight. At worst, bounces will be capped at 0.9000 but as i said above, expect 0.8800 to provide initial resistance.
