EUR/GBP – Technical Analysis (1H)
🔹 Current Price Zone: 0.8414
🔵 Market Structure & Trend
The market broke structure to the upside recently, forming a Higher High (HH) and Higher Low (HL), suggesting a bullish shift.
Price is currently retesting the previous breakout zone, which aligns with a demand zone (green box).
This area could serve as a bullish continuation entry, particularly if confirmed by bullish candlestick formations (e.g., engulfing or pin bar).
🟩 Demand Zones
Immediate demand zone around 0.8410 – 0.8400 is being tested (green box on your chart).
A deeper demand zone lies around 0.8375 – 0.8355, which aligns with a previous accumulation area.
🟥 Supply Zone / Resistance
Near-term resistance zone between 0.8460 – 0.8480 (red box).
Daily and 4H order blocks or imbalance may exist in this area.
✅ Buy Setup (Bullish Scenario)
Entry: 0.8405 (current demand zone)
Stop Loss: Below 0.8385 (outside demand zone)
Take Profit 1: 0.8460 (local high)
Take Profit 2: 0.8500 (psychological level)
🔹 Current Price Zone: 0.8414
🔵 Market Structure & Trend
The market broke structure to the upside recently, forming a Higher High (HH) and Higher Low (HL), suggesting a bullish shift.
Price is currently retesting the previous breakout zone, which aligns with a demand zone (green box).
This area could serve as a bullish continuation entry, particularly if confirmed by bullish candlestick formations (e.g., engulfing or pin bar).
🟩 Demand Zones
Immediate demand zone around 0.8410 – 0.8400 is being tested (green box on your chart).
A deeper demand zone lies around 0.8375 – 0.8355, which aligns with a previous accumulation area.
🟥 Supply Zone / Resistance
Near-term resistance zone between 0.8460 – 0.8480 (red box).
Daily and 4H order blocks or imbalance may exist in this area.
✅ Buy Setup (Bullish Scenario)
Entry: 0.8405 (current demand zone)
Stop Loss: Below 0.8385 (outside demand zone)
Take Profit 1: 0.8460 (local high)
Take Profit 2: 0.8500 (psychological level)
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.