EURGBP currency pair recently reversed down from the multi-level resistance zone located between the pivotal resistance level 0.86400 (which has been reversing the price from the start of March), upper daily Bollinger Band and the 50% Fibonacci correction of the earlier downward price impulse from the end of February. Given the strength of the daily downtrend and the growing sterling bullishness seen across the FX markets today – EURGBP currency pair can be expected to fall further toward the next support level 0.85400 (which reversed the previous downward impulse waves 1 and (i)).