EUR/GBP. Should we expect one more down?

Updated
My team is utterly focused on this pair as well as its major peer GBPCHF (for possible upside momentum). What we are looking for is a big downside move following previous decline. Under current circumstances it seems that the move will be directed by the weakness in EUR and CHF while GBP might correct.
Note
The pattern changed but the setup is still valid
snapshot
EURGBPGBPCHFmercuriusmercuriusamTrend AnalysisWave Analysis

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