EURGBP today once again reversed up from the key support level 0.85400 (which stopped the previous strong impulse waves 3 and (i) as can be seen from the daily EURGBP chart below) – intersecting with the lower daily Bollinger Band. The upward reversal from the support level 0.85400 stopped the previous minor impulse waves (iii) and 3. Given the strength of the support level 0.85400 and the growing euro bullishness seen across the FX markets today – EURGBP currency pair can be expected to rise further toward the next round resistance level 0.86000 (intersecting with the daily down channel from the end of December).