EUR/GBP's dropped last week to register a daily close under 0.8567 Fibo

0.8567 Fibo, a 23.6% retrace of the 0.8384 to 0.8624 (July to August) rise

Scope is growing for much bigger losses through the 0.8532 Fibo

A break and daily close below the 0.8532 Fibo will likely see a bigger drop

That would unmask the daily cloud that spans the 0.8462-0.8509 region

EUR/GBP Trading Page TGM2343. We remain short at 0.8585 (MM)