The EUR/GBP pair has continued its downward trend, breaking below its 20-day SMA and reaching multi-week lows. The technical indicators, such as the RSI and MACD, confirm the bearish sentiment, indicating increasing selling momentum.
Key Technical Levels:
- Support: 0.8300, 0.8275, 0.8250
- Resistance: 0.8330, 0.8350, 0.8375
A break below the 0.8300 level could lead to further downside potential. Traders should monitor these key support levels and be prepared for increased volatility in the near term.