I still expect that EURGBP is stuck within a triangle formation and we might expect a thurst from this triangle to the downside. Check my previous post.
Now let's look at the 1h Chart.
Wave A, B, and C are ready. Wave D might end soon ( abc correction) with wave c building "small" Triangle. This might lead to an impulsive wave e.
The "small" EDT is contracting and we see a . Ratio.
Bear in mind: The following wave is expected to be impulsive and might finish the triangle. Be ready to sell afterwards since the sidewards movement will end and lower prices are expected.
So, I am LONG for the very short term.
I have raised the target of wave c which might be the end of the triangle.