The EUR/GBP has been in a downtrend since the start of August and is poised to continue it’s bearishness after completing retracement.
The POC zone is 0.9088-98 [D H3, 4/8, W H3, Historical Support Turned Resistance]. We can also spot a bearish divergence of price and the ecs.MACD oscillator contributing to the possibility of an upcoming bearish move. A bearish divergence happens when price makes a higher high, but the oscillator makes a lower low.
Targets are 0.9033 [D L3, W L3, 0/8, ATR Projection Low, Previous Swing Low] with potential to hit 0.8979 W L4 level with strong momentum.
Any candle close above 0.9110 invalidates this analysis.