EURGBP- Further sell off saw the cross breaking the 0.8355/38 levels and testing a low of 0.8301 level during Wednesday trading session today. This development sees continued hold below the 0.8355/38 level creating further bearishness towards the 0.8284 level, its Jan 10’2011 low. Further down, its psycho level at 0.8200 will serve as the next support on additional declines. Its daily and weekly RSI are bearish and pointing lower suggesting further declines. Alternatively, on any recovery higher, its broken support at the 0.8355/38 levels and the 0.8485 level should reverse roles as resistance and turn the cross back ... (full story)