The Euro continues to drop against the Pound after the pair breached the support level at 0.7901 and is now heading towards the next support at 0.7868 and should that level be breached the way will be open towards the 0.7766 support level unless the 0.7818 stand ahead of the pair's bearish wave, on intraday basis the pair still needs more momentum to progress a bullish wave yet over the short term the pair is being traded within an oversold area and this suggests a new bullish wave that might take the pair back to the 0.79 levels.