EURGBP currency pair recently reversed down from the resistance area lying between the resistance level 0.86000 (which has been reversing the price from the start of June), upper daily Bollinger band and the 50 day moving average. The downward reversal form this resistance area is aligned with the prevailing downtrend that can be seen on the daily charts. Given the strong downtrend, positive sterling sentiment – EURGBP currency pair currency pair can be expected to fall further toward the next support level 0.85350 (low of the previous waves (2) and 2).