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Taking a look at a different pair, this is a 240 minute EURGBP chart. This pair tends to stick to ranges, which make Fibonacci levels particularly useful. EURGBP has tested the 78.6% retracement level of the decline from 0.7017 - 0.6919 at 0.6996. However, the long wicks near that level suggest some hesitance to move much higher in the near-term, and we could see the pair pull lower towards 0.6950.
However, with both the ECB and BOE meeting on Thursday, we could see substantial volatility on any commentary that reflects a severe bias, especially on the EUR side. On a pure fundamental basis, I'd say there's upside potential for EURGBP to break above 0.7000.
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