EURGBP facing bearish pressure, potential for further downside!

EURGBP is facing bearish pressure from 1st resistance and descending trend line resistance which is in line with 127.2% Fibonacci retracement. Prices might push towards 1st support which coincides with horizontal swing low support which coincides with 61.8% Fibonacci extension and 127.2% Fibonacci retracement. If prices break through the 1st resistance, it might push up towards 2nd resistance which coincides with horizontal swing high resistance and 50% Fibonacci retracement. EMA is also above prices, suggesting a bearish pressure for prices.