Categories: Technical analysis

EURGBP Wave Analysis – 11 August 2025

EURGBP: ⬇️ Sell

– EURGBP reversed from a strong resistance level 0.8735

– Likely to fall to support level 0.8600

EURGBP currency pair recently reversed down from the strong resistance level 0.8735 (which stopped all earlier sharp impulse waves from April), coinciding with the upper daily Bollinger Band.

The downward reversal from the resistance level 0.8735 created the daily Japanese candlesticks reversal pattern, Bearish Engulfing.

EURGBP currency pair can be expected to fall further to the next support level 0.8600, which stopped the earlier downward correction 2.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: EURGBP

Recent Posts

Forex has set its priorities

In 2026, experts favour the yen, see modest euro growth, and expect pressure on the…

1 hour ago

Bear market rebound in crypto is likely to continue

Crypto rebounds continue; Bitcoin faces resistance, with a mixed market outlook ahead, as regulatory changes…

2 hours ago

Coca-Cola Wave Analysis – 4 December 2025

Coca-Cola: ⬇️ Sell - Coca-Cola reversed from long-term resistance level 73.25 - Likely to fall to…

15 hours ago

DraftKings Wave Analysis – 4 December 2025

DraftKings: ⬆️ Buy - DraftKings reversed from support zone - Likely to rise to resistance level…

15 hours ago

NVDA Wave Analysis – 4 December 2025

NVDA: ⬆️ Buy - NVDA reversed from support zone - Likely to rise to resistance level…

17 hours ago

Basic Attention Token Wave Analysis – 4 December 2025

Basic Attention Token: ⬇️ Sell - Basic Attention Token reversed from resistance level 0.2800 - Likely…

17 hours ago

This website uses cookies