EUR/GBP has recently stalled a bearish trend that lasted for about a month, from October's high at 0.7490 down to the low in November at 0.6982. Then, as we can see in the 4H chart, price flattened and even rallied, breaking above a falling trendline. EUR/GBP 4H Chart 11/28(click to enlarge) The bullish correction rally retreated after tagging 0.7080, which suggests bears are still strong in this market. However, the fact that price held above 0.70 suggests EUR/GBP is probably turning at least neutral if not bullish. In the neutral scenario, there is still a short to medium-term bullish outlook towards the 0.7150 and 0.72 levels. At the beginning of next week, monitor the the 0.7050 level, as the 100-period simple moving average and a falling speedline might provide some resistance. Pushing above 0.7050 would be another technical signal for a pending bullish correction in the short to medium-term.