Correction Continues for EUR/GBP

EUR/GBP reached the resistance at 0.7554, which coincides with the (MA)89 on the weekly time-frame, but it could not break above that level, formed a shooting star candlestick on the four-hour time-frame below the resistance and started moving to the downside. Currently the pair is testing the support at 0.7460. Should it manage to break below that support the pair will likely continue falling towards the level of support, which is at 0.7435. A breakout below that level will signify a further move to the downside, towards the support at 0.7360. Either way, correction continues for now.