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EUR/GBP chart - Trading View
EUR/GBP on a downward spiral for the 4th consecutive session, bias lower.
The pair was trading 0.21% lower on the day at 0.8967 at around 09:00 GMT.
Price action has slipped below daily cloud and crucial 200-DMA support, raising scope for further downside.
Stochs and RSI are sharply lower and RSI is well below the 50 mark, supporting downside in the pair.
The Bank of England's (BoE) hints of negative rates and COVID-19 vaccine roll out keep the pound buoyed across the board.
Technical indicators have turned bearish and the pair is on track to test trendline support at 0.8915.
