EUR/GBP looking set for rebound
EUR/GBP is regaining ground following a period of consolidation, with the ability to break through the £0.8826 area likely to be crucial for the direction from here.
With that in mind, an hourly close above that swing high would provide us with a bullish outlook for the day. Such a move could be a bottom, but could also be a retracement of the downturn from £0.8996. With that in mind, watch for a potential rally into Fibonacci resistance.