• The correction from the June 14 lows appears to have finished. 
• EUR/GBP continues descending as the intermediate downtrend resumes. 
• The pair now targets 0.8399. 

EUR/GBP is resuming its medium-term downtrend after the correction higher from the June 14 lows appears to have peaked and rolled over. 

Given “the trend is your friend” more weakness is foreseen. 

EUR/GBP Daily Chart 

A break below 0.8431 (July 8 low) would provide added bearish confirmation of an extension of the downtrend lower to the next target at 0.8399, the June 14 low.