The EUR/GBP 4H chart is showing a critical structure level. Price has recently broken below the uptrend line and formed a Break of Structure (BOS), signaling potential bearish continuation.
Currently, the market is retesting the support level near 0.8650. If this support breaks, the next target zone is 0.8520, aligned with the weak low area highlighted on the chart.
Resistance Area: 0.8740 – 0.8760 (Strong High)
Support Level: 0.8650
Bearish Target: 0.8520
This setup will remain valid as long as the price trades below the strong high resistance area. A confirmed break of support would strengthen the bearish outlook.
Break & close below support = bearish continuation
Target 1: 0.8600
Target 2: 0.8520
This analysis is for educational purposes only. It is not financial advice. Always manage your risk properly and trade according to your own strategy
Currently, the market is retesting the support level near 0.8650. If this support breaks, the next target zone is 0.8520, aligned with the weak low area highlighted on the chart.
Resistance Area: 0.8740 – 0.8760 (Strong High)
Support Level: 0.8650
Bearish Target: 0.8520
This setup will remain valid as long as the price trades below the strong high resistance area. A confirmed break of support would strengthen the bearish outlook.
Break & close below support = bearish continuation
Target 1: 0.8600
Target 2: 0.8520
This analysis is for educational purposes only. It is not financial advice. Always manage your risk properly and trade according to your own strategy
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.