EURGBP: ⬇️ Sell
– EURGBP broke support area
– Likely to fall to support level 0.8450
EURGBP currency pair recently broke the support area between the key support level 0.8525 (which stopped the previous waves iv and A) and the 38.2% Fibonacci correction of the upward impulse from February.
The breakout of the support level 0.8525 accelerated the active impulse wave i, which belongs to the C-wave of the ABC correction B from the start of April.
Given the bearish euro sentiment seen today, EURGBP currency can be expected to fall toward the next support level 0.8450.
Source: Fxpro
