EURGBP doing corrective movements and finding resistance at 0.7870 level

The EURGBP made a rebound on the support level of 0.7845, so this pair is performing corrective Movements in favor of the current bearish bias.

Now the EURGBP is finding resistance at the daily pivot point of 0.7870 level, so this pair could make a pullback in that area and fall back to the level of 0.7841. However, a breakout at the pivot point, it could lead to EURGBP to reach the resistance level of 0.7897, where is located the 200-day moving average on the H1 chart.

The MACD indicator is moving into positive territory.

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