Thoughts on $EURGBP at these levels

Been watching $EURGBP pretty closely lately, and it's holding just above that 0.8520 mark again today. We saw a brief dip yesterday but it bounced off 0.85193. It feels like this area around 0.8519-0.8522 has been acting as a pretty strong support zone for a while now. I'm wondering if we might be seeing a bit of a coil here, perhaps setting up for a push back towards the 0.8530s that it hit earlier. The alternative, of course, is that if that 0.8519 level gives way convincingly, we could be looking at a much deeper retracement. Just my two cents, interested to hear if anyone else is seeing the same thing or if I'm missing something crucial.