EURGBP – The pair continues to face downside pressure closing lower the past week. Support lies at the 0.8800 level where a violation will turn focus to the 0.8750 level. A break will expose the 0.8700 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance resides at the 0.8850 level where a violation if seen will turn risk towards the 0.8900 level. Further up, resistance resides at 0.8950 level followed by the 0.9000 level. All in all, EURGBP remains biased to the downside on further weakness.
