EUR/GBP Continues Falling

After several days of testing it, EUR/GBP finally broke below the support at 0.7930 and the pair continued moving to the downside. Currently it is testing the next support at 0.7870 and it will likely soon break below that level too. Should that happen, the next target would be around the next level of support at 0.7820 – 0.7800. Depending on the candlesticks that the pair forms there we will be able to tell whether it will bounce off that support, retracing back to 0.7930, which now would have become a resistance level, or it will break below 0.7800 to continue falling towards 0.7730, which is (MA)89 on the daily time-frame.