Analyzing the daily candles chart, we can see how the price found support at the fibo 61.8%, which coincides with the 200 day MA. The next step, if it wants to build a wave 5 that would take it over 0.94 is hold around 0.90. Once there, the upwards movement will try to break 0.9214. Below, losing 0.90 will take the pair back to 0.8823 pounds per euro.