EUR/GBP: Possible bearish continuation

The Euro versus the Pound has had a good bearish trend and the momentum seems to accelerate once the pair broke below the 0.8600 level. The Euro weakens versus most of its major counterparts, therefore, it is possible for the pair to continue falling towards the 200 day EMA, blue line, which is currently around the 0.8389 zone. Attention to a visit to the 200 day EMA, because the pair may try to bounce from there to the upside, providing a possible long entry. But if the pair breaks below the 200 day EMA, then the breakdown may also provide an entry to the downside. To the upside, the 55 day EMA, purple line, may act as resistance. Above the 55 day EMA, the next resistance could be the 0.9000 level.