The euro currency is attempting to recover higher against the British pound, although the technical surrounding the pair are pointing lower. Technical selling pressure towards the EURGBP pair is likely to remain in place while the price trades below the neckline of a head and shoulders pattern, around 0.8640 area. According to the overall size of the bearish price pattern the EURGBP pair could drop towards the 0.8550 technical support region.
The EURGBP pair is only bullish while trading above the 0.8640 level, key resistance is found at the 0.8660 and 0.8680 levels.
EURGBP pair is only bearish while trading below the 0.8640 level, key support is found at the 0.8580 and 0.8540 levels.
