EURGBP recently broke the support area located between the key support level 0.8800 (which stopped the previous sharp impulse wave (A)) and the 61.8% Fibonacci correction of the previous sharp multi-month upward impulse wave (1) from May. The breakout of this support area strengthened the bearish pressure on EURGBP. With the moderate bullish sentiment affecting Sterling at the moment – EURGBP is expected to fall toward the next support level 0.8680 (former monthly high from April and the likely target for the competition of the active short-term impulse wave 1).