The Euro dropped heavily yesterday against the Pound and the pair seems to be trying to breach the critical resistance at 0.7884 if the pair fails to breach this level, it will continue its downside wave at least until the 0.7850s level, while a successful breach to that level would lead the pair back to the 0.7930s level, the momentum indicators however are supporting an upside potential since the pair is being traded within an oversold area.