Euro (EUR) / British Pound (GBP)

Euro (EUR) / British Pound (GBP) short on 1-month timeframe
This biased is formed on the following basis:

1 Shooting Star at New LH
2 Indication of downward price movement
3 Currently the price is testing the resistance level
4 Downtrend Continuation
5 Formation of new LL
6 Price has retraced up to 0.5 Fib however, it can still go down further up to 0.618 fibs as per chart behavior