EURGBP currency pair recently reversed down with the daily candlesticks reversal pattern Shooting Star from the resistance area lying between the long-term resistance level 0.87500 (former support from the start of February), resistance trendline of the daily down channel from December and the 38.2% Fibonacci correction of the downward impulse from January. Given the strength of the active daily downtrend – EURGBP currency pair is likely to fall further in the active impulse waves (v) and 3 toward the next support level 0.86000.
