EUR/GBP – 2H – BUY

The EUR/GBP 2H chart is firing a dense cluster of bullish signals, led by a Trendline Retreat Up and an Ascending Triangle breakout, with momentum oscillators (CCI, STOCH, BOP) all turning up from oversold or zero-line conditions. The EMA Retreat Up and KAMA Retreat Up confirm that price is bouncing off a rising trendline, while the higher-timeframe trendline retreat adds confluence. This suggests a coordinated push toward the nearest resistance at 0.85760, with the ascending triangle pattern targeting a measured move above that level.

However, the broader trend picture is mixed: the 1H and 2H timeframes are still bearish and choppy, while the 8H, 12H, and 1D are bullish but weak (trend scores of 1/5). This means the immediate momentum is counter-trend against the 1H/2H bias, but the higher-timeframe bullish tilt supports a bounce. The key is whether price can hold above the nearest support at 0.85459 and reclaim the 2H bearish trendline; a close below that support would invalidate the setup and likely trigger a deeper pullback. Watch for the 2H trend score to flip bullish to confirm the reversal.