Ella 
Earlier this week, EUR/GBP once again broke down near the 20 and 50-day SMAs, adding to concerns that the cross’s decline is not yet over.
With prices regaining negative momentum and technical indicators reflecting a neutral to bearish bias, a decisive moment could emerge around 0.8300. This area has been a key battleground between bulls and bears since late September, and the outcome of the battle could set the tone for the coming sessions.
If the pair finds a footing around 0.8300, it could trigger a move back towards the 20- and 50-day EMAs in the 0.8330-0.8345 zone. A successful move above this level would likely target the tentative short-term resistance line at 0.8380 and the round-number mark at 0.8400, with a breakout possibly extending towards the 200 SMA at 0.8440 or even towards the long-term trendline around 0.8470.
Otherwise, a break below 0.8300 could see the sell-off extend towards the key support trend line, where the 2.5-year low was recorded earlier this month. Further declines from here are likely to pause between 0.8200- 0.8170. Otherwise, the next target for the bears could be 0.8115, a barrier since 2016.
