EUR/GBP showing signs of recovery in the current bearish bias

EUR/GBP has moved into a low range in the last hours with a very strong bearish bias.

This pair remains above the pivot point at the level of 0.8205, so the nearest resistance level is at 0.8231. If the EUR/GBP manages to make a breakout at that level, the next target would be the level of 0.8253, which is close to the 200 SMA. On the other hand, a breakout of the EUR/GBP in the pivot point, could lead to fall to the support level of 0.8153. However, there are signs that this pair wants to regain bullish bias that had lost a few days ago, as the EUR/GBP formed fractals in some important support level of 0.8183.

The RSI and MACD indicator are in neutral territory.

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