EURGBP has been in a consistent downtrend since the 8th of December, falling from 0.86. area to the current levels of 0.834. The price has been making lower lows, edging ever so slowly to Feb 06's low of 0.8278. However, it appears that EURGBP has found some support at the current levels, with a retest of 0.838 on the cards. Our in-house view on EURGBP is long on a short-term bias, the RSI indicators on the Daily and 1hr are in oversold conditions which comply with our long bias.