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EURGBP currency pair under the bearish pressure after the pair broke the support zone lying between the key support level 0.83600 (low of the previous wave (b)) and the 38.2% Fibonacci correction of the upward impulse from the start of this month . The breakout of the support zone accelerated the active impulse waves 3 and (iii).
Given the clear daily downtrend and the bearish euro sentiment – EURGBP currency pair can be expected to fall further toward the next support level 0.82500.
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