EURGBP: Top-Down Analysis & Bullish Outlook

EURGBP successfully adhered to a previously broken significant horizontal resistance level. Following its bullish breakout, a highlighted blue region turned into a support zone.

Testing the broken structure, the market established an inverted head and shoulders pattern on a 30-minute timeframe, signaling a short-term bullish indication.

It is anticipated that there will be a pullback, reaching a minimum of 0.8392 and potentially extending to 0.8410.