EURGBP: Waiting for a Pullback

The price broke a very important support level. It pushed the market lower. This breakout provided a bearish signal. But the market dropped a lot and selling in such market conditions does not look like a good idea.

So, it is better to search for buy opportunities.
If the price moves above 0.84750, it will give us a false breakout and a buy opportunity based on the daily chart.

If the price continues falling, a reversal signal from the local bottom at 0.83000 will be good for buying. The confirmed reversal signals from the daily and lower timeframes will allow us to catch a correction movement.

The market should be added to a watch list.