EURGBP recently reversed up from the support area located between the key support level 0.88800 (which reversed the price multiple times in June) and the lower daily Bollinger Band. Given the clear daily uptrend and the predominantly bearish sterling sentiment seen across the FX markets today – EURGBP is likely to extend the gains toward the next resistance level 0.90600 (top of the earlier corrective waves b and (ii) from last month).