EURGBP Wave Analysis – 9 September, 2022

• EURGBP reversed from key resistance level 0.8700

• Likely to fall to support level 0.8600

EURGBP currency pair recently reversed down precisely from the key resistance level 0.8700 (which stopped the previous sharp upward impulse wave (5) in the middle of June).

The resistance area near the resistance level 0.8700 was strengthened by the upper daily Bollinger Band.

EURGBP can be expected to fall further toward the next support level 0.8600 (which stopped the previous short-term correction 2).