EURGBP Holding Weekly BC for Continuation

EURGBP on the 1W chart still looks constructive from an SK standpoint. The active sequence shows a clear A impulse higher, a B retracement, and price now trading above a marked weekly BC reaction zone. That keeps the broader path pointed toward a possible C expansion, but only if this correction continues to hold as a reaction rather than turn into acceptance lower.

Location matters here. Price is not chasing highs anymore; it is sitting close enough to the weekly BC area to keep continuation logic valid. The cleaner bullish case comes from the fact that this pullback has stayed corrective so far, while the higher target box above remains open as the larger draw.

From a liquidity lens, the nearby upside draw is the recent swing high first, then the broader C target zone around the low 0.92s to mid 0.93s shown on the chart. That makes this less about predicting a straight-line move and more about whether price can defend this reaction area and continue repricing toward external liquidity above.

For now, the bullish idea holds while EURGBP avoids sustained acceptance back below the weekly BC zone. A deeper loss of that area, especially if price starts accepting into the lower retracement region, would weaken the continuation thesis and shift this back toward neutral.

Disclaimer:
This is not financial advice.