The future of EURGBP

EURGBP is behaving more like a stock rather than currency. Over the past four years, the pair has been ranging forming a bearish rectangle because of the economic indicator of the eurozone. The bearish rectangle might continue after it has broken the 0.83000 a strong psychological point and might go short for long depending on the candlestick formed on the proven support zone only then we'll know what to do next. For now we are sticking with downtrend formed on the 4hr timeframe.

Zones to watchout for on D timeframe are;
support
0.93000
0.88625
0.85555

resistance
0.83000