EURGBP: ⬇️ Sell
– EURGBP reversed from resistance zone
– Likely to fall to support level
EURGBP currency pair recently reversed from the resistance zone located between the resistance level 0.8585 (which has been reversing the price from the end of July), upper daily Bollinger Band and the 61.8% Fibonacci correction of the downward impulse from June.
The downward reversal from this resistance zone stopped the earlier minor impulse wave 3 from the end of August.
Given the strong daily downtrend, EURGBP currency pair can be expected to fall to the next support level 0.8545 – low of the previous correction 2.