Waiting for Price to React

EURGBP has been very respectful of support and resistance lines and I do believe price will have a bullish reaction after breaking through this trendline. However I am not comfortable entering this position as we could see very strong retracements. On this pair, I will wait for price to reach 0.90300 before entering a short position. However, we could see downside momentum beginning at 0.88400 in that case I will look to enter there. For now, I will be keeping a close eye on this pair.