EURGBP Wave Analysis – 29 July 2025

EURGBP: ⬇️ Sell

– EURGBP reversed from the resistance zone

– Likely fall to support level 0.8635

EURGBP currency pair recently reversed down from the resistance zone between the multi-month resistance level 0.8735 (which stopped sharp wave (A) in April) and the upper daily Bollinger Band.

The downward reversal from this resistance zone created the daily Japanese candlesticks reversal pattern Dark Cloud Cover.

Given the strength of the resistance level 0.8735, EURGBP currency pair  can be expected to fall to the next support level 0.8635 (low of the previous minor correction ii).

Source: https://fxpro.news