Forecasting a Future of EUR/GBP with the bearish EWTEUR/GBP made here a bearish Elliott wave. I have applied the moving average also to forecast the trend. In the fifth wave, there is a symmetrical triangle . After the ABC correction, there is a hurdle at 0.8930 . Right now, the trend is moving under the hurdle . It is a bearish Elliott wave pattern. Therefore, it will fall more up to the target of 0.8816 .
But there is a possibility of the double bottom pattern the trend can rise, and it can break a hurdle . If the trend crosses the hurdle, it will hit 0.8960 .
