EURGBP gained around 0.25% in the start of this week retesting the broken ascending trendline. The pair closed by breaking the hourly ascending trendline last Friday below 0.90000. Analysts at CIBC, points out the potential downside momentum for the pair rather than upside. While uncertainty could continue to weigh on sterling further in the near-term, with so much negative sentiment already seemingly priced in, there would appear to be greater room for an upward move on any good Brexit news rather than further downside on bad news. Moving in the indecisive area, the pair might find support near 0.89750 boosting the pair to test 0.89900 and 0.90000. Failing to break above the ascending trendline, the pair will continue its bearish momentum below 0.89300.