Action since the March low in EURGBP may compose a botoming pattern. Even so, the cross has failed at a combination of horizontal (May high) and slope (trendline) resistance. As such, risk is that the next 200 or so pips (GBP pips too!) is down.
For more analysis and trade setup specifics, visit SB Trade Desk.
DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.