EURGBP showing a sequence of bearish patterns at H1 chart

EURGBP is showing a solid bearish structure at H1 chart, because the pair is trading below the 200 SMA and daily pivot point level of 0.7221.

Also, the pair achieved in get outside from the bearish range below the resistance level of 0.7247 and now it’s looking towards the support zone of 0.7174. The RSI is also at negative territory, which also gives some strength to the current bearish bias.

The MACD indicator is entering at positive territory and you should be cautious of it.

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