EUR/GBP Technical Analysis: Euro trading at November lows testing 0.8700 figure

• EUR/GBP is trading in a bear trend below its 200-period simple moving average (SMA).
• EUR/GBP is currently supported just above 0.8700 figure after a bear move started in late October. Technical indicators are still in negative territories, suggesting potential losses ahead.  
• Targets to the downside can be seen near 0.8665 March 22 low and 0.8600 figure

EUR/GBP 4-hour chart

Main Trend:            Bearish

Resistance 1:              0.8722 October low
Resistance 2:              0.8752 October 16 low
Resistance 3:              0.8800 figure
Resistance 4:              0.8847 September 20 low  
Resistance 5:              0.8876 September 11 low

Support 1:              0.8700 figure
Support 2:              0.8665 March 22 low
Support 3:              0.8600 figure

Additional key levels at a glance: