EURGBP Wave Analysis – 18 February 2025

– EURGBP broke the support zone

– Likely to fall to support level 0.8265

EURGBP currency pair recently broke the support zone between the support level 0.8300 (which stopped the previous impulse wave i at the end of January) and the 61.8% Fibonacci correction of the upward ABC correction 4 from December.

The breakout of this support zone accelerated the active short-term impulse wave iii of the higher order impulse wave 5 from January.

EURGBP currency pair can be expected to fall to the next support level 0.8265 (former low of the minor correction b from the end of December).