The bulls are still in charge of this market as we've seen an aggressive bull run to form new highs. Completion of the bull flag will confirm further upside momentum.
EURGBP made an impulse wave to the upside after completing the 2nd phase of the structure and as such the buyers should be interested in longing the EUR against the Pound. The completion of the flag should see the market continue the bull momentum
Market is forming the last bearish wave of the bigger structure, as such the sellers are still in control. A break and close below the counter-trendline should see the market dropping further