EURGBP recently reversed down from the resistance zone lying between the resistance level 0.8850 (which stopped the previous correction (ii) at the start of April) and the 38.2% Fibonacci retracement of the previous downward impulse from March.
The downward reversal from this resistance area stopped the previous short-term impulse sequence (i).
EURGBP is expected to fall further toward the next support level 0.8680 (low of the previous corrective wave (2)).
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