The EUR/GBP pair has broken below a key support zone (blue area) on the 4H chart, confirming a bearish structure.
🔹 200 EMA acting as resistance
🔹 Break and retest of support zone
🔹 Bearish momentum building
🔹 Potential target: 0.8180 area
Expecting further downside as long as price stays below the 0.8260 resistance.
🔻 Bearish bias until trend shifts! 🔻
#Forex #EURGBP #Trading #PriceAction #TechnicalAnalysis
🔹 200 EMA acting as resistance
🔹 Break and retest of support zone
🔹 Bearish momentum building
🔹 Potential target: 0.8180 area
Expecting further downside as long as price stays below the 0.8260 resistance.
🔻 Bearish bias until trend shifts! 🔻
#Forex #EURGBP #Trading #PriceAction #TechnicalAnalysis
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Disclaimer
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.