Well EURGBP gapped down to open after Friday's closing price of 0.8030. From there, the Asian Session pushed EURGBP back into the now broken trendline support of 0.8000 to a 0.8009 high before reversing almost 50 points lower to test the critical 0.7962 level. I am short EURGBP with stops above the 0.8009 high ahead of the potential breakdown through the mighty 0.7960 level. The minimum target now stands at 0.7935. As a bit of a hedge, I am long a smaller position of EURUSD from 1.5815. If we get a topside retest of 1.5900, I believe THIS will be the test that breaks into 1.6000. Back tonight if an update is necessary.