On the 4-hour chart, we see clearly that EUR/GBP has been already moving from the Premium to Discount array areas. This means there is a potential bounce up to 0.8745 to 0.8786. Nevertheless, as long as the pair does not rebound higher than 0.8857, the bias for EUR/GBP remains bearish. The odds are the pair is going to raid the nearest Sell Side Liquidity Pool of 0.8681-0.8578.
(Disclaimer)
