EUR/GBP has been bearish this past couple of weeks, falling to a common support around 0.8740. But I would not rely on support here outside of the very short-term.EUR/GBP Daily Chart(click to enlarge)Support:- As price falls back to 0.8740, we are seeing some support over the past couple of sessions.- After all, this is a common support and where the 200-day simple moving average reside at the moment.- However, the fact that price failed to clear above 0.90 before, and that the RSI held under 60, suggests bears are in charge.- Therefore, I would not expect a bounce off of 0.8740 to be higher than 0.8850, a support/resistance pivot.- On the other hand, a break below 0.8740 would open up the 0.8330 common support area, but we might also see buying around a common support area around 0.85.