EUR/GBP – 2H – SELL
SELL
90%
▲ Bullish 10% (2.08)
▼ Bearish 90% (18.52)
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Signal evolution
Events for EUR/GBP
Full calendar- TodayEURUnemployment Rate (Jul)●●●Forecast 3.9%Previous 3.8%in 27m
- TodayEURPPI YoY (Jul)●●●Forecast 2.4%Previous 1.8%in 1h
- TodayEURPPI MoM (Jul)●●●Forecast 0.5%Previous -0.3%in 1h
All times UTC.
Signals Fired
| Signals Fired | Category | Weight | |
|---|---|---|---|
| ▼ | Trendline Retreat Down | trendline | 2.17 |
| ▲ | WILLR OB Exit | indicator | 2.08 |
| ▼ | Resistance Level Retreat Down | sr | 1.94 |
| ▼ | STOCH KD Cross Down | indicator | 1.76 |
| ▼ | BOP Zero Cross Down | indicator | 1.63 |
| ▼ | Tweezers Top | candlestick | 1.32 |
| ▼ | Fibonacci Break DownTrend (24%) | fibonacci | 1.21 |
Trend Context
15MDOWNTrend forming
30MDOWNTrend forming
1HDOWNTrend forming
2HUPChoppy / sideways
4HUPChoppy / sideways
8HUPChoppy / sideways
12HUPChoppy / sideways
1DDOWNChoppy / sideways
Analysis
🎯 Key Takeaways
- Strong bearish signal cluster on the 2H chart, with multiple confirmations.
- Short-term timeframes align bearish, but higher timeframes are bullish and choppy.
- Key levels: resistance at 0.85595, support at 0.85349.
- Watch for a break below support to confirm the sell-off.
The EUR/GBP 2H chart has triggered a cluster of bearish signals, including a Trendline Retreat Down, BOP Zero Cross Down, STOCH KD Cross Down, WILLR OB Exit, Fibonacci Break DownTrend (24%), Tweezers Top, and Resistance Level Retreat Down. Together, these indicate strong selling pressure at a key resistance area, with momentum and volume confirming the bearish bias. The confluence of candlestick, indicator, and Fibonacci signals suggests a high-probability short setup.
Across timeframes, the short-term outlook (15m to 1H) is bearish and forming, while higher timeframes (2H to 12H) are bullish but choppy, and the daily is bearish but choppy. This mixed picture means the sell signal is a counter-trend move against the higher-timeframe bullish bias, but the strength of the 2H signals and the presence of resistance suggest a pullback or reversal could unfold. Key levels to watch are the nearest resistance at 0.85595 and support at 0.85349; a break below support would confirm further downside.
Across timeframes, the short-term outlook (15m to 1H) is bearish and forming, while higher timeframes (2H to 12H) are bullish but choppy, and the daily is bearish but choppy. This mixed picture means the sell signal is a counter-trend move against the higher-timeframe bullish bias, but the strength of the 2H signals and the presence of resistance suggest a pullback or reversal could unfold. Key levels to watch are the nearest resistance at 0.85595 and support at 0.85349; a break below support would confirm further downside.
Catalysts
- ▼ Confluence of bearish signals: Trendline Retreat Down, Tweezers Top, and Resistance Level Retreat Down all point to rejection at resistance.
- ▼ Momentum indicators (STOCH KD Cross Down, WILLR OB Exit) confirm loss of upside momentum.
- ▼ Fibonacci Break DownTrend (24%) suggests the pair has broken a key retracement level, opening the door for further downside.
- ▼ BOP Zero Cross Down indicates selling pressure is dominating.
Risk Factors
- ▲ Higher timeframes (2H to 12H) are bullish, so the sell could be a counter-trend pullback within a larger uptrend.
- ▲ If price fails to break below the nearest support at 0.85349, the bearish signal may fade and reverse.
- ▲ The trend scores on higher timeframes are weak (1/5), indicating choppy conditions that could lead to false breakouts.
- ▲ A close back above the resistance at 0.85595 would invalidate the bearish setup.
Symbol
EUR/GBP
Timeframe
2H
Direction
SELL
Probability
90%
Strength
VERY STRONG
Date
2026-08-19 14:00
cat_ Forex
Forex
Support & Resistance
| Level | Price | Formed |
|---|---|---|
| R1 | 0.85595 | 2026-08-18 |
| R2 | 0.85794 | 2026-08-07 |
| R3 | 0.85816 | 2026-08-06 |
| S1 | 0.85349 | 2026-08-17 |
| S2 | 0.85315 | 2026-08-12 |
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