EURGBP: 1D Channel Down approaching 1W support. Expect a rebound

EURGBP has hit its downside target as the 1D Channel Down (RSI = 39.312, MACD = -0.004) has made a near 0.87200 Lower Low. It is now approaching the soft 1W Support = 0.8700 which has high chances of providing a bounce, otherwise it will test the hard 0.86215 1W Support. In both cases a test of 0.88425 is expected, so long is the action.