Post #4228

🇪🇺🇬🇧EUR/GBP H2 Scenario – Technical & Fundamental Confluence 🔍 The EUR/GBP pair has been under consistent pressure, reflecting a clear bearish bias after multiple rejections near the 0.8700–0.8710 supply zone. 📊Technical Outlook 📎 Price broke below the ascending trendline, confirming a structural shift. 📎 The 0.8685–0.8690 resistance zone capped bullish attempts, leading to renewed downside momentum. 📎 Short-term support stands at 0.8640–0.8630; a clean break below could open the path toward 0.8610, aligning with the broader bearish trend. 📰Fundamental Drivers 📎 The euro remains weighed down by weaker-than-expected Eurozone data, particularly slowing industrial output and softening inflation. 📎 Meanwhile, the pound gains resilience as markets price in a more cautious stance from the Bank of England, supported by relatively stable UK growth indicators. 📎 This fundamental divergence continues to favor GBP strength over EUR. 💎Bias: Bearish below 0.8690. A confirmed breakdown under 0.8640 strengthens bearish continuation targets. 🗝Key Levels to Watch: Resistance → 0.8690 / 0.8710 Support → 0.8640 / 0.8610 ⸻ 📌 Stay ahead with both fundamental catalysts and technical precision. ⚠️For daily setups, trade alerts, and market insights → Join our free Telegram channel @ShadowTraderFX