EURGBP consolidated between the 0.85300 and 0.85585 price levels before breaking above to create a higher high. At the high on the 30-minute time frame price created a double top that has yet to be retested. After the formation of this pattern price fell. The 61.8 Fib level aligns perfectly with the breakout of that consolidation area. If the 61.8 level is retested and the price holds at that level, we could see a retest of the highs or a higher high.
Alternative Scenario: If the double top is retested before the 61.8 there is a chance that the bears will take control as far as momentum with the asset.