Will EUR/GBP Continue Rising?

While the overall EUR/GBP trend is very bullish and so far there is no indication for a reversal, the pair reached a resistance level at 0.7930 and so far it hasn’t broken broken above it. What is more, the pair just formed a shooting star candlestick on the four-hour time frame below the resistance at 0.7890, which is a signal that we can expect a move to the downside, even if it is only temporary. I expect EUR/GBP to drop to the support at 0.7800, and a breakout below that support could lead to a further drop towards the next support at 0.7700. In my opinion opening short positions here is possible, but it should be done with great care since the upward trend is still valid.