EURGBP recently reversed down from the resistance level 0.91000 (former support from the middle of September, which stopped earlier wave (a)). The downward reversal from this resistance level continues the active short term impulse wave (c) of the ABC correction (ii) from last month. Given the predominantly bullish Sterling sentiment seen across currency markets today, EURGBP is likely to fall further toward the next round support level 0.90000 (target price for the completion of the active ABC correction
(ii)).