EURGBP faces price selloff after rejecting higher prices on Wednesday. This development now leaves risk lower towards the 0.8950 zone. On the downside, support stands at the 0.8900 level where a violation will turn focus to the 0.8850 level. A break below here will aim at the 0.8800 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, resistance lies at the 0.9050 level with a violation if seen turning risk towards the 0.9100 level. Further up, resistance comes in at 0.9150 level followed by the 0.9200 level. All in all, EURGBP remains biased to the downside on more weakness.
