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)).
