EURGBP currency pair recently reversed down from the resistance zone lying between the resistance level 0.86600 (former top of wave B from the end of May) and the upper daily Bollinger band. The downward reversal from of this resistance zone is aligned with the clear multi-month downtrend that can be seen on the daily charts. EURGBP currency pair can be expected to fall further toward the next support level 0.8600 – which If broken would open the way for further losses toward the next support level 0.85200 (which stopped earlier wave (2)).
EURGBP reversed from resistance zone; Likely to fall to support level 0.85200
