The party's over for now. Sellers at 50%/200 hour, buyer return just ahead of the 100 hour MA
The EURGBP rally did in fact stall the surge at the 50% and 200 hour MA and the corrective move took the price back down to toward the 100 hour MA (blue line) below at 0.71128. The low corrective price reached 0.71163. See prior post. The action says to me that the party is over for the time being in the pair. With eyes open for a break and run and traders trading the range.
