The EUR/GBP has mad a breakout below the 0.8898 but it is struggling to go below 0.8850. Continuation is possibly only if the price closes below 0.8850.
0.8898-0.8915 is the POC where the price might reject again. However the critical support is 0.8850 and if the pair doesn’t make a bearish close below it we will not see the continuation. Even with the bearish close below, the candlestick is important. It needs to be a nice momentum bearish candlestick with strong body. Targets are 0.8810 and 0.8766. However if the price makes a bounce to 0.8963 then the upside breakout might be possible. Ideally it should stay below the triangle lower TL, clearly rejecting the POC zone.
