EUR/GBP is trading in an impulsive rally and it can be unfolding a five-wave rise within wave c to complete a flat correction of a higher degree. It's interesting that sub-wave iii) is shorter than wave i), which means that wave v) should not be bigger than wave iii). That said, EUR/GBP can see limited upside and should not break above 0.8850, so be aware of a drop once it breaks below 0.8800 level.

EUR/GBP, 1H