The pair continues with the short movement started on October 24th, after the euro's decline. The perspectives to reach a key support at 88.35 are clear, which could indicate a later trend change. The pair is now trading at 0.8864 pounds per euro.The bands of Bollinger show a volatility of 60 pips in the hour, while the RSI is clearly oversold. The MACD and Stochastic showselling signs, right now.
If the pair rebounds, the 50 and 200 days MA could act as a resistance.