Quotes from Societe Generale Cross Asset Research:
-After breaking below a multiyear trend line, EUR/GBP is extending the downtrend. Monthly RSI is breaching a graphical floor and the pair looks poised to drift towards 0.7250/0.7160, the 61.8% retracement of 2000-2008 up move and 2003 highs. Short term recovery, if any should be confined to 0.7550/0.76.