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  • 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:

EUR/GBP

Overview:
       Last Price:  0.8717
       Daily change:  -31  pips
       Daily change:  -0.354%
       Daily Open:  0.8748
Trends:
       Daily SMA20:  0.8813
       Daily SMA50:  0.8878
       Daily SMA100:  0.8887
       Daily SMA200:  0.8838
Levels:
       Daily High:  0.8774
       Daily Low:  0.8736
       Weekly High:  0.8942
       Weekly Low:  0.8757
       Monthly High:  0.8942
       Monthly Low:  0.8722
       Daily Fibonacci 38.2%:  0.876
       Daily Fibonacci 61.8%:  0.8751
       Daily Pivot Point S1:  0.8732
       Daily Pivot Point S2:  0.8715
       Daily Pivot Point S3:  0.8694
       Daily Pivot Point R1:  0.877
       Daily Pivot Point R2:  0.8791
       Daily Pivot Point R3:  0.8808