EUR/GBP: bullish trend resumes?

The EURGBP has completed the fifth wave on the 4h timeframe therefore the current upswing may be a trend revesal to the upside instead of a countertrend pullback. The 1d chart shows a deep pullback after a break of the bearish trendline and higher lows. The current downleg (the current 4h trend) may be the second wave of an new uptrend following the Sep-Oct first thrust.
For now I will look for a higher low on the 4h timeframe with scope for a bullish reversal.


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