The Euro declined back against the Pound as the pair couldn't hold above the 0.7931 level which provided the pair with strong downside momentum to fall, the pair should be able to gain back on intraday basis yet the momentum indicators are showing the par might need a slight correction to gather more upside momentum that will take the pair beyond the 0.7931, while the point at 0.7870 seems to offer good demand for the pair.