See callout bubbles. Many EUR pairs are a bit overextended and beginning to show signs of weakness. Conversely, the GBP seems to be recovering very nicely across many pairs after being beat-up leading all the way back to June of 2016 and Brexit. Let's jump in short at the red highlighted level and look to ride price down.
Always measure your risk and be okay with being wrong ; ) Wait patiently and get the price that you want. Use the market. Don't let the market use you.