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EURGBP facing bearish pressure, potential for further downside!

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Euro/Brittiska pund (FX:EURGBP)  
TradeGATEHub  
FX:EURGBP   Euro/Brittiska pund
Trend Analysis Harmonic Patterns Chart Patterns EUR GBP eurgbpshort
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trendanalysis harmonicpatterns chartpattern eur gbp eurgbpshort
EURGBP is facing bearish pressure from 1st resistance and descending trend line resistance which is in line with 127.2% Fibonacci retracement. Prices might push towards 1st support which coincides with horizontal swing low support which coincides with 61.8% Fibonacci extension and 127.2% Fibonacci retracement. If prices break through the 1st resistance, it might push up towards 2nd resistance which coincides with horizontal swing high resistance and 50% Fibonacci retracement. EMA is also above prices, suggesting a bearish pressure for prices.
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