The EUR/GBP pair is trading in a downward wedge pattern on a 60 minute time frame. The price is trading below the 50 and 100 day moving averages shown in yellow and red colours. This confirms that the trend is towards the downside and bears are in strong control of the price. The price could face its minor resistance towards the upper line of this downward wedge pattern.
The RSI and the MACD indicators are trading in line with the price action which means that the bias is towards the upside. If the momentum stays behind the price action, it could break its wedge pattern towards the upside.