• EURGBP reversed from resistance zone
• Likely to fall further
EURGBP recently reversed down from the resistance zone lying between the major resistance level 0.8970 (which stopped the (B)-wave at the start of March) and the upper daily Bollinger Band.
The downward reversal from this resistance zone started the active minor corrective wave (iv) which belongs to wave 3 from June.
EURGBP is likely to fall further and re-test the next support level 0.8880 (former resistance level from the end of June).