EURGBP currency pair recently reversed down from the resistance area located between the key resistance level 0.84500 (former strong support from the middle of December), upper daily Bollinger Band and the 50% Fibonacci correction of the previous sharp downward impulse from the start of December. Given the widespread bearish euro sentiment seen across the FX markets – EURGBP currency pair can be expected to fall further toward the next support level 0.83100 (which has been reversing the price from the middle of January).