EUR/GBP - Rate Expectations and UK GDP Keep GBP in Focus!

Aug 10

EUR/GBP – M30 – Bearish Symmetrical Triangle / Trendline Rejection Pattern

✅EUR/GBP EURGBP is showing a bearish setup after repeated rejection near the resistance zone and failure to sustain momentum above the Ichimoku cloud. A break below the rising trendline would strengthen the downside case, with 0.85519 and 0.85445 marked as the next key support levels.

✅Key levels (must watch) :
1st Support: 0.85519
2nd Support: 0.85445
Resistance Zone: 0.85780 – 0.85820

✅UK growth becomes the next GBP test — Markets are looking ahead to the 13 August UK GDP release, while sterling remains sensitive to global risk and Middle East developments.

Disclaimer :
This analysis is provided for educational and informational purposes only and does not constitute financial advice. Always manage your risk properly and perform your own analysis before entering any trade.

Off to you:
Will EUR/GBP break the rising trendline and move toward the marked supports, or can buyers defend the structure? Share your view below.

Aug 10

Trade active

Aug 10

Note

High impact events :
11 August 2026 — US CPI
12 August 2026 — US Core CPI
13 August 2026 — UK GDP
13 August 2026 — UK Industrial Production
13 August 2026 — UK Trade Balance

Aug 10

Note

now price breaks past day low and start moving downside

Aug 10

Trade closed: target reached

1st target reached now with good profit on eur/gbp

Aug 11

Note

2nd target reached now with good profit on eur/gbp