Since the EU and the UK concluded trade talks in December with a deal, the euro has been falling against the British pound.
The EURGBP pair has fallen to support levels around 0.8760 - 0.8680, which formed in May 2020. If the price breaks above the downtrend line (green), it could rise towards the 50 moving average. The next resistance would be in the 0.9050 - 0.9090 zone, followed by 0.9160 - 0.9220. The MACD indicator is in the oversold zone, which could also indicate upward momentum. If the bears stay stronger and push the rate through the current support, the price could fall to the support level around 0.8390 - 0.8340.