EURGBP currency pair under bearish pressure today after the earlier breakout of the powerful support level 0.88850 (which has been reversing the price from last year) – which was followed by the latest breakout of the powerful support level 0.88000 – which accelerated the active short-term impulse wave (c) of the ABC correction 2 from the start of September. Given the strong bearish sentiment affecting the Euro across the FX markets today – along with the prevailing sterling optimism – EURGBP currency pair is likely to fall further toward the next support level 0.87000 (target price for the completion of the minor impulse wave (c)).