EUR/GBP continues to extend south, back below 50% fibo

Source: Thomson Reuters

• EUR/GBP continues to extend south, retraces 0.7015/0.7385, lows of 0.7167 
  
  
• Pair back under the 50% retrace at 0.7199 after the fail to close below yesterday
  
  
• Sustained move under builds bear sentiment and puts short in solid shape
  
  
• 61.8% of 0.7015-0.7385 at 0./7156 is next up, cloud continues to wedge lower and weighs. Base is at 0.7226