EUR/GBP Is Moving Down

After a short move to the upside EUR/GBP is once again moving south. The pair reached the resistance at 0.7065 visible on the four-hour time frame, formed a doji candlestick under it and started falling again. The next support is at 0.7022, but as you can see from the screenshot of the weekly time frame above, the next target is at 0.6940. The previous low is at 0.6936 and in my opinion that will be a considerable support level. I think it is quite possible for the EUR/GBP to form a double bottom there and then to start climbing again so I personally will close my short positions when the pair reaches it and I will wait for further development before I make any decisions.