{video}EURGBP started the week on the back foot after securing seven consecutive green weeks, with the price gradually retreating from Monday's 19-month high of 0.8788. The 0.8720 level, which switched from resistance to support on Tuesday, is currently under examination on the downside, along with the steep tentative ascending trendline. Should the bears breach that base, selling pressures could intensify towards the 0.8679 bar. Slightly lower, the 20-day simple moving average (SMA) at 0.8645 may cancel any extensions towards the intra-swing low of 0.8565. According to the momentum indicators, the market is looking ... (full story)