EURGBP can be unfolding an EW ending diagonal within wave 5 of a bigger, bullish impulse. An ending diagonal once completed, will push the price into a sharp and firm reversal which tends to reach the starting point of the pattern.

In our case, this is at 0.882 level, where the bigger pullback can look for support. However, the price can also unfold a bigger pullback with possible support near the 0.876 area.

EURGBP, 1h

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