EUR/GBP Technical Analysis: Bears taking some profits near October lows against the British Pound

• EUR/GBP is trading in a bear trend below its 200-period simple moving average (SMA).
• EUR/GBP is finding some support near 0.8722 (October low). Bears will try to defend 0.8752 level (October 16 low). The RSI and Stochastic are still below the 50 line suggesting a bearish bias while the MACD had a crossover from below.  
• The 0.8752 is the level to look at for bears who want to short or for bulls who are looking for a breakout above it.

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: