EUR/GBP Bears In Control

EUR/GBP is trading to the downside today prior to the CBI Industrial Trends Orders (Jul). Technical analysis on the 4-Hour timeframe shows a head and shoulder pattern, with price having been at the resistance zone and failing to break it resulting in the downward movement of price. On the hourly timeframe we have a head and shoulder pattern which is considered a bearish pattern and may signify a dip on Euro. We anticipate a bearish move down to level 0.82664