Seven months ago (December 19 2025, see chart below), we gave a long-term Sell Signal on the EURGBP pair as we saw it form a Bull Cycle Top a month prior:
Last week our 0.85000 long-term Target got hit and now the price is rebounding exactly after reaching the 0.618 Fibonacci retracement level, similar to the June - July 2023 bottom formation.
Expect the pair to attempt to form a new bottom here and target towards the end of the year the 1W MA50 (blue trend-line) - 0.5 Fib Zone for rejection. Until it resumes the long-term bearish trend, we expect EURGBP to reach 0.86300 at least.
Notice also the 1M RSI similarities among the 2023 and 2026 fractals.
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Last week our 0.85000 long-term Target got hit and now the price is rebounding exactly after reaching the 0.618 Fibonacci retracement level, similar to the June - July 2023 bottom formation.
Expect the pair to attempt to form a new bottom here and target towards the end of the year the 1W MA50 (blue trend-line) - 0.5 Fib Zone for rejection. Until it resumes the long-term bearish trend, we expect EURGBP to reach 0.86300 at least.
Notice also the 1M RSI similarities among the 2023 and 2026 fractals.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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I trade Crypto, Forex, Indices & Commodities on PrimeXBT — all from one account with TradingView charts 👉 tradingshot.short.gy/PrimeXBT
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
I also use TradeNation for fixed spreads & zero commission 👉 tradingshot.short.gy/Tradenation
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.