EUR/GBP – 30M – SELL

The EUR/GBP pair is exhibiting a confluence of bearish signals on the 30-minute timeframe, with a SELL direction and moderate strength. The array of signals includes a Trendline Break Up, Trendline Retreat Down, Double Bottom and its retreat, Triple Bottom and its retreat, Ascending Triangle, and AROON Cross Down, among others. These patterns collectively suggest that the recent upward attempts have failed, and the price is likely to resume its broader downtrend. The alignment across timeframes is supportive, with bearish trends on the 15m, 30m, 1h, and solid trends on the 2h and 4h, indicating that the selling pressure is consistent from intraday to medium-term perspectives.

Key levels to watch are the nearest resistance at 0.85507 and support at 0.85396. A break below the support level could accelerate the decline, while a reclaim of the resistance would invalidate the bearish setup. The presence of multiple chart patterns (Double Bottom, Triple Bottom, Ascending Triangle) that have retreated suggests that these patterns have failed to produce sustained upward moves, reinforcing the bearish outlook. Traders should monitor the price action around these levels for confirmation of the signal.