EUR/GBP is still at the same place. One might take a bearish stance thinking that the descending triangle on daily chart may take hold and the pair may plunge downwards with the break of support. It will chime well with GBP/USD gain today and EUR/USD decline today (which is declining quickly towards its target).
But wait, the (my) Elliott Wave count is saying exactly the opposite.
So what is next? We shall see. Personally, I am bullish for the pair. My target in the next 2-3 months is at least .9500 so taking profit at .9450 may be prudent for me, provided it goes up.
And remember, there is nothing more bullish than a failed bearish pattern :)
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