EURGBP recently reversed up from the support area lying between the multi-month support level 0.88650 (which has been reversing the price from last June), and the lower daily Bollinger Band. The price will form the daily candlesticks reversal pattern Morning Star – if the pair closes today near the current levels. Given strength of the support area surrounding the nearby support level 0.88650  and the prevailing bearish sterling sentiment seen today on weak December retail sales data in UK – EURGBP can be expected to rise further toward the next resistance level 0.8950 (former support from the end of December)