Looking at the EURGBP Weekly chart, we can see its downward trend, falling from the previous support level of 0.855 on Friday the 12th of November. The support level was breached with relative ease and since then it has been falling lower and lower, without any signs for either consolidation or reversal. EURGBP is currently found trading around the 0.838 price range resting on its temporary support level and with overhead resistance levels at 0.842 and 0.845 respectively.

Today, we could expect an attempt to consolidate and move below the current 0.838 level.

If however, it manages to hold on to the current level, we could expect a move towards the 0.842 price range. 

(Click on image to enlarge)