The last time I looked at $EURGBP, I thought it was confirming a bullish breakout. EUR/GBP - Bullish Breakout Confirmed; 0.91 and 0.93 in SightThe market wasted no time proving me wrong as EUR/GBP got stuck under 0.90 and fell below the key support factors that initially held and showed bullish strength. EUR/GBP Daily Chart(click to enlarge)Support Confirmation Failure- We had the bullish breakout in July and more clearly in August. - Then, we had a pullback at the end of August into early September.- After tagging the 40 level, the RSI rebounded, along with a strong bullish candle. These are some of my favorite signs of bullish continuation.- However ,price failed to extend above 0.90. After a few sessions drifting lower, EUR/GBP fell sharply last week to break below the key support factors (rising trendline, moving average cluster, RSI at 40). - Now price is under the movin a verages nad the rising trendline, and the RSI is below 40, approaching 30.Support to Become Resistance:- At this point, the 0.8850-0.89 area, should be considered resistance after it initially acted as support but then failed. Bearish Targets:- If price indeed holds under 0.89, there should be pressure towards the 0.8630 low on the year from April. - A break below 0.86 would then open up the 0.8320 common support pivot, which was also the 2017-low.