EURGBP currency pair recently reversed up from the support area located between the strong support level 0.82500 (which reversed the price at the start of March) and the lower daily Bollinger Band. The upward reversal from this support zone started the active short-term
corrective wave (2). Given the strength of the aforementioned support area and strongly bullish euro sentiment -EURGBP currency pair can be expected to rise further toward the next resistance level 0.83800
(previous minor reversal high from the start of this month).