Technical analysis

EURGBP Wave Analysis – 30 October 2026

EURGBP Wave Analysis – 30 October 2026

EURGBP: ⬇️ Sell

– EURGBP broke support zone

– Likely to fall to support level 0.8300

EURGBP currency pair recently broke the support zone between the support level 0.8360 (which stopped wave 3 earlier this month) and the support trendline of the daily down channel from June.

The breakout of this support zone accelerated the active impulse wave 5 of the intermediate impulse wave (3) from the end of September.

Given the strong daily downtrend and strongly bearish euro sentiment seen today, EURGBP currency pair can be expected to fall further toward the next round support level 0.8300 – target price for the completion of the active impulse wave (3).

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