The EUR/GBP pair has been trending downwards since the 25th of January 2016, with the price falling from as high as 0.7928 to as low as 0.7791.
In the event that the sellers keep exerting strong pressures and the price breaks below 0.0.7785, profit targets could be set at 0.7750.
On the other side, in the scenario where the buyers manage to push the price above the level of 0.7859, the price could rise up to 0.7876 and 0.7895 respectively.
Please note: The content in this daily technical analysis article should not be taken as investment advice. It comprises our personal view.