EURGBP currency pair continues to fall inside the intermediate corrective wave (2) which started earlier from the resistance area set between the resistance level 0.87200 (top of the previous correction 4 from the end of February), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from January. Given the prevailing downtrend – EURGBP currency pair can be expected to fall further toward the next support level 0.85500 (target price for the completion of the active correction (2)).
EURGBP falling inside corrective wave (2); Likely to reach support level 0.85500.
