EUR/GBP Technical Analysis: Euro is in free fall en route to 0.8700 figure

• EUR/GBP broke below the 200-day simple moving average. It is now trading in a bear trend.
• The RSI, MACD and Stochastics are all in negative territories suggesting continued pressure on EUR/GBP.
• The next targets are likely located near 0.8700 (May low) and 0.8620 (current 2018 low).  

EUR/GBP 4-hour chart

Spot rate:                 0.8738
Relative change:     -0.44%      
High:                       0.8791
Low:                        0.8733

Main Trend:          Bearish

Resistance 1:         0.8764 June 8 low  
Resistance 2:         0.8800 figure
Resistance 3:         0.8847-40 September 20 low and 200-DSMA (key support)
Resistance 4:         0.8876 September 11 low

Support 1:         0.8700 May low
Support 2:         0.8620 current 2018 low
Support 3:         0.8400 May 2017 low