EURGBP recently reversed down from the resistance area lying between the resistance level 0.8600 (which has been reversing the price from November), upper daily Bollinger Band and the 38.2% Fibonacci correction of the previous downward impulse from October.
The downward reversal from this resistance area stopped the earlier impulse wave C from the end of December.
EURGBP is likely to fall further toward the next support level 0.8465 (low of the previous waves B and (ii)).
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