EURGBP currency pair under the strong bearish pressure today after the price broke the key support level 0.83800 (which stopped the previous minor impulse wave (i) in the middle of November). The breakout of the support level 0.83800 accelerated the active short-term impulse wave (iii) – which belongs to the higher order impulse waves 3 and (3) – which started earlier in 2021. Given the clear daily downtrend and the strongly bullish sterling sentiment seen across the FX markets today – EURGBP currency pair can be expected to fall further toward the next support level 0.83200 (target for the completion of the active impulse wave (iii)).