The Euro continued to decline against the Pound since the pair couldn't breach the 0.7931 resistance level but the support at 0.7870 managed to hold the pair up so far, the pair must breach the 0.7917 in order to confirm an upside reversal and this is supported by the fact the pair is being traded within an oversold area over intraday and short term basis, yet if the 0.7870 level was breached the pair will continue its bearish wave down to the 0.7852 support at least.