EUR/GBP – 30M – SELL

The EUR/GBP pair is exhibiting a strong bearish momentum on the 30-minute timeframe, with a confluence of signals firing in the same direction. The Trendline Retreat Down, BOP Zero Cross Down, CMO Zero Cross Down, RSI Midline Cross Down, STOCHF KD Cross Down, DEMA Retreat Down, HT TRENDLINE Retreat Down, and MA Retreat Down, along with additional signals from the trendline, support/resistance, Fibonacci, candlestick, and indicator groups, all point to a continuation of the downtrend. The trend across timeframes shows a bearish alignment from the 30-minute up to the 4-hour charts, with all four lower timeframes (15m, 30m, 1h, 2h, 4h) bearish, albeit with a choppy/sideways character (trend score 1/5). This suggests the bearish move is present but may not be smooth, and pullbacks could occur. However, the higher timeframes (8h, 12h, 1d) are bullish, which introduces a potential conflict and suggests that the bearish move on the lower timeframes might be a correction within a larger uptrend. Key levels to watch are the nearest resistance at 0.85749 and support at 0.85601. A break below support could open the door for further downside, while a move back above resistance would invalidate the bearish setup.