EUR/GBP broke key support level 0.8900

EUR/GBP broke key support level 0.8900

  • EUR/GBP broke key support level 0.8900
  • Next sell target - 0.8850                                                                

EUR/GBP recently broke below the key support level 0.8900 (former resistance from the start of July, which was set as the sell target in our previous forecast for this currency pair). EUR/GBP is expected to fall further in the active minor correction (iv) toward the next sell target at the next support level 0.8850 (38.2% Fibonacci correction of the upward impulse from May).

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