EUR/GBP Technical Analysis: Euro breaks below October low against Sterling

• EUR/GBP is trading in a bear trend below its 200-period simple moving average (SMA).
• EUR/GBP bears broke the October low at 0.8722. Their objective is to close the day below the level. The 50 SMA crossed below the 200 SMA suggesting strong bearish momentum. Technical indicators also keep their negative outlook.  
• Targets to the downside can be seen near 0.8700 figure and 0.8665 March 22 low.  

EUR/GBP 4-hour chart

Main Trend:            Bearish

Resistance 1:              0.8752 October 16 low
Resistance 2:              0.8800 figure
Resistance 3:              0.8847 September 20 low  
Resistance 4:              0.8876 September 11 low

Support 1:              0.8722 October low
Support 3:              0.8700 figure
Support 3:              0.8665 March 22 low

Additional key levels at a glance: