EURGBP continues fall inside the short-term downward impulse wave (c), which previously broke the key support level 0.89100 (which has been repeatedly reversing the price from the end of November). The breakout of the support level 0.89100 accelerated the active impulse wave (c) – which then broke the daily support trendline from May. Given the strongly bullish sentiment affecting the sterling today – EURGBP is expected to fall further toward the next support level 0.88650 (which has been reversing the price from June; target price for the completion of the active impulse wave (c))
