EUR/GBP 4H Chart: Decline Likely To Continue

The Eurozone single currency has declined by 1.68% against the British Pound since October 21. The currency pair breached the 0.9000 level during yesterday’s trading session.

All things being equal, the EUR/GBP exchange rate could continue to edge lower during the following trading sessions. The potential target for bulls would be near the 0.8900 area.

However, the weekly S3 at 0.8969 could provide support for the currency exchange rate within this week’s trading sessions.