Price has pulled back to the sliding parallel of the median line acting previously as support. We now have to find out if the previous support will act as resistance for price to keep falling. Any sell setup completion at the parallel would be a nice opportunity.
This most recent bullish reversal was at a weekly support level. Personally I'm thinking a drive up to previously weekly highs because of the chances of EURUSD being at previous support and seeing some pretty bearish drives on the GBPUSD. Other EUR and GBP pairs are mixed bullish/bearish, so it will be interesting to see how this turns out. Good analysis, @Fxprotrader