EURGBP: On Key Daily Structure! Trading Plan:

EURGBP has reached a key weekly/daily structure.

for now, the price is still trading in a local bullish trend and still respects the boundaries of a rising parallel channel on 4H.

to prove the significance of the underlined resistance we need a bearish breakout of the channel (4h candle close below).
only then we can look for short opportunities with stop above the higher high within the channel.

initial target is 0.891

in case of a bullish violation of the resistance on daily, this resistance will turn to support and setup will be invalid!