EURGBP Buy Opportunity

There is a bullish pressure in daily and weekly time frames for EURGBP.
Price is above daily and weekly highs.

On the other hand, as you see in 1H time frame, we have a descending parallel channel and price got rejected by the upper band.

I expect a downside retrace around 0.8555 - 0.8540 which is about 50% to 61.8% of the upside move and also near the channel’s middle line which acts like a dynamic support level.

If there was any upside push at the mentioned levels, we can expect an upside breakout on the channel’s upper band and a rise in price with two possible targets:
First at 0.8610 which is a strong resistance level and in the case of an upside breakout on this level, the second target would be at 1.8650 ( monthly high).