EURGBP recently reversed down from the resistance area lying between the key resistance level 0.90000 (former strong support from March, which has been reversing the price from the middle of May), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp downward correction from March. Given the strong bullish sentiment affecting the Sterling today – EURGBP is likely to fall further toward the next support level 0.88700 (former key resistance from April, which reversed the previous waves A and (2)).