EURGBP currency pair recently reversed up from the support zone set between the strong support level 0.83100 (which has been reversing the price from last month) and the lower daily Bollinger Band. The upward reversal from this support area created the daily candlesticks reversal pattern Bullish Engulfing – which stopped the earlier medium-term ABC correction (2). Given the rising bullish euro sentiment seen across the currency markets today, EURGBP currency pair can be expected to rise further toward the next resistance level 0.83750.