It’s quite obvious the EURGBP pair right now is a sellers right now as price clearly demonstrates its been in a down trend for the last few weeks. Not only that, the EMAs are vectored down while price is trading on the low side of the mean value.
At the close of the New York session the daily candle close as a bearish rejection candle setup that is tipping us off to potential lower prices. Last session clearly shows that rallies up into the mean were rejected as the bears forced the market back down lower
A retracement entry would be the ideal price here, while the risk of the setup is defined about the rejection candle high. Price has some room to move before hitting the next major weekly support ‘trouble’ area for this trend.