Nice idea on EURGBP and there may be potential gains as you have identified by going short. Our first resistance is at 0.8854, which lies above your entry point and near your 50% Fibonacci retracement on your chart. Based on our charts, It is a horizontal pullback resistance with 23.6% Fibonacci retracement. If a potential reversal does occur from this resistance, we may want to take a closer look at 0.8734 support level which is a horizontal swing low support, with a 76.4% Fibonacci retracement and 100% Fibonacci extension. Excited to see how things develop.
Please take a look at our idea and share with us what you think.