Looking at EURGBP Chart, we can see that after reaching as high as 0.842 on the 25th of January, there was an immediate negative reaction that led to the gradual consistent fall, initially to the first support base in the 0.836 regions where it showed signs of consolidation but ultimately the 0.834 support was also broken falling further below. It is currently found trading at 0.8314 between having temporary support at 0.831 and overhead resistance at the 0.834 level.
Today we could expect a continuation of the downward trend, falling further below the 0.831 as negative momentum may be at play.
If however, it manages to hold above the 0.831 range then a move towards the 0.834 overhead resistance could be expected.
(Click on image to enlarge)
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