EUR/GBP Price Action: Will 0.85500 Resistance Trigger a Bearish Drop?

EUR/GBP remains under bearish pressure as price trades below key resistance and the 50 EMA on both the weekly and daily timeframes.

The higher-timeframe structure continues to favor sellers, while the daily chart has shifted from bullish to bearish after breaking below a previous Higher Low (HL).

Now, all eyes are on the 0.85500–0.85630 resistance zone.

If EUR/GBP rejects this area and confirms bearish price action, the pair could potentially resume its downside move toward 0.85200.

However, a confirmed break and retest above resistance could invalidate the bearish setup and open the door toward 0.86141.

The plan remains simple:

Wait for confirmation. Let price action decide.

TL;DR: Key Takeaways

The EUR/GBP pair is under pressure below the 0.85500–0.85630 resistance zone.

1. Sellers currently control the weekly and daily charts below the 50 EMA.
2. A confirmed rejection could drop the price down to the 0.85200 level.
3. A confirmed break above resistance targets the 0.86141 zone instead.

What Is the Current Technical Price Action on EUR/GBP Telling Us?

Weekly Chart

The EUR/GBP weekly chart continues to show a bearish market structure, with sellers maintaining control around a major resistance level.

Price recently rejected weekly resistance and remains below the 50 EMA, which provides additional confirmation that the broader trend is still favoring the downside.

Weekly Timeframe Price Action Analysis. Market Structure Forming a Potential Lower High (LH)

More importantly, EUR/GBP has formed a strong bearish engulfing candlestick around a potential Lower High (LH) structure.

This combination suggests that sellers are defending the resistance zone and that downside momentum could continue if price confirms another rejection.

Weekly chart observations:

1. Weekly market structure remains bearish.
2. Price has rejected a major weekly resistance level.
3. EUR/GBP price remains trading below the 50 EMA.
4. A strong bearish engulfing candlestick suggests increased selling pressure.
5. Price appears to be forming a potential lower high (LH).
6. The current structure continues to favor downside momentum.

The key question now is:

Will the 0.85500–0.85630 resistance zone attract sellers again, or can buyers finally break above it?

That is where the daily chart becomes important.

Daily Chart

The EUR/GBP daily chart has shifted from bullish to bearish after price broke below a previous bullish Higher Low (HL) structure and violated daily support.

This structural break is important because it suggests that buyers are losing control of the short-term trend

Daily Timeframe Price Action Analysis. Price Retesting the Double-top Neckline

Following the break, price is now developing a potential Lower High (LH) and retesting the double-top neckline/resistance area.

If sellers defend this zone and bearish candlestick confirmation appears, the current structure could provide a potential continuation setup toward the downside.

Daily chart observations:

1. Daily market structure has shifted from bullish to bearish.
2. Price is forming a potential Lower High.
3. EUR/GBP remains below the 50 EMA.
4. Bearish candlestick confirmation has appeared near the potential Lower High.
5. Price is retesting the double-top neckline/resistance area.
6. The current structure presents a potential bearish continuation setup.

What Is the best way potential setup on EUR/GBP?

Bullish Scenario

Daily Timeframe Price Action Analysis. Bullish Bias Anticipation

The bullish scenario becomes more attractive if buyers can break and retest the 0.85500–0.85815 weekly resistance zone.

However, simply moving above resistance is not enough.

A false breakout could quickly push price back below the level.

Bullish confirmation:

Bullish momentum could occur in EUR/GBP if:

1. If price break and retest above weekly resistance level 0.85500 - 0.85815.
2. Proper break above weekly resistance level.
3. Confirm bullish candlestick rejections after the retest before considering continuation to the upside.

Trade idea:

Daily Timeframe Price Action Analysis. Bullish Take Profit and Stop-loss Placement

1. Target: 0.86141
2. Stop-loss: Below the newly established support level following confirmation.
3. Confirmation sequence: Break weekly resistance level → Retest as a support level → Bullish candlestick confirmation → Execute
4. Risk management: Use proper position sizing.

Note: The bullish scenario is considered lower probability because it would move against the prevailing higher timeframe bearish structure.

Bearish Scenario

Daily Timeframe Price Action Analysis. Bearish Bias Anticipation

The bearish scenario remains the higher-probability setup while the weekly and daily structures continue to favor sellers.

The key area to monitor is the 0.85500 - 0.85630 daily resistance zone.

If price retests this area and produces a strong bearish rejection, sellers could regain control and potentially push EUR/GBP toward the 0.85200 target.

Bearish confirmation:

Bearish momentum could occur in EUR/GBP if:

1. If price properly retest below daily resistance level 0.85500 - 0.85628.
2. Confirm bearish candlestick rejections after the retest before considering continuation to the downside

Trade Idea:

Daily Timeframe Price Action Analysis. Bearish Take Profit and Stop-loss Placement

1. Target: 0.85200
2. Stop-loss: Above the daily resistance level
3. Confirmation sequence: Proper rejections at daily resistance level → Bearish candlestick confirmation → Execute
4. Risk management: Use proper position sizing.

Note: The bearish setup is considered higher probability because it aligns with the higher timeframe bearish market structure.

Final Take

to the 0.85500–0.85630 resistance zone.

The weekly and daily charts currently favor sellers, with price trading below the 50 EMA and the market structure showing signs of continued downside pressure.

For the bearish scenario, the ideal confirmation would be a retest and rejection of 0.85500–0.85630, followed by bearish price action and a potential move toward 0.85200.

For the bullish scenario, buyers need to prove their strength with a clean breakout and retest above 0.85500–0.85815, potentially opening the path toward 0.86141.

Wait for the level. Wait for confirmation. Then execute the plan.

If you want to develop a professional trading mindset while learning how to identify high-probability price action setups across Gold, Forex, Crypto, Commodities and Indices, continue following our market analysis and educational guides.

Your Next Step Is:

1. To know trader’s beginner steps before your trade
2. Mastering your psychology
3. Mastering the simple price action strategy
4. Mastering Repetitive Patterns in Trading
5. Trading live using this simple price action strategy

For more in-depth market breakdowns, real-time analysis, and structured learning content, you can join our Discord community inside ACY Server:

Discord Server - ACY Securities Server

Start your live trading journey today!

• Trade Forex, indices, gold, crypto and other global markets

• Access powerful platforms including ACY, MT4, MT5, and Copy Trading tools

Move from learning simple price action to executing it in the real market with confidence!

Create an Account. Start Your Live Trading Now!

Check Out my Contents:

Beginners Path

Build a strong trading foundation with step-by-step lessons designed for beginners:

1. Beginner Trading Steps: 4 Rules to Follow Before You Trade
2. Beginner Trading Steps: Mistakes That Can Slow Down Your Progress (And How to Avoid Them)
3. The 1% Risk Rule: The Most Common Mistakes That Quietly Destroys 90% of Traders
4. Habits of a Successful Traders: What are the 4 Ways to Build Discipline in Trading?
5. Beginner Trading Guide: The Complete Beginner's Roadmap to Smarter Trading (Step-by-Step)
6. A Complete Beginner's Guide: What are the Only Technical Trading System You Need to Trade Gold, Forex, Crypto, Commodities & Indices?

Mastering The Art of Price Acton Trading

Learn how to read market structure, identify key levels, and trade high-probability setups using pure price action.

1. Why Price Action Trading Works: A Simple Framework You Can Use in Any Market
2. Mastering Price Action at Key Levels: How to Identify and Trade High-Probability Setups on Key Levels

Mastering Popular Forex Pairs Using simple price action strategy

Ready to learn simple price action strategy? Here’s how to do it step by step:

1. USD/JPY Analysis Today: Simple Trades, Clear Moves, for Beginners Using Price Action
2. Simple Day Trade Price Action On EUR/USD: Why the Drop to 1.14190?
3. Simple Price Action Analysis on EUR/CAD: EURCAD the Pair for the Week?
4. Simple Price Action Strategy on USD/ CHF: 0.80000 the Key Ceiling for USD/CHF Sell?
5. Price Action Analysis for GBPCAD Trade: A Potential Trade for This Week or Next Week?
6. EUR/GBP Trading Guide: How to Spot High-Probability Setup a Week Ahead Using Simple Price Action Strategy?
7. Simple Price Action Trade on CAD/JPY: 115.000 the Key Floor for CAD/JPY Buy?
8. USD/JPY Price Action Outlook: Is 158.500 the Key Floor for a Potential New High?
9. CAD/JPY Price Action Breakdown: We Anticipated the Move Twice to 116.500, Is Price Action Really the King?
10. GBP/NZD Trade Ideas Using Simple Price Action Strategy: Will Price Drops to 2.28000?
11. USD/JPY Technical Forecast: 158.500 Floor Retest for Preparing for New Highs?
12. GBP/CHF Price Action Ideas: Is 1.05500 the Ceiling for a New Low?
13. GBP/CAD Simple Forex Price Action Ideas: Is the 1.84500 Support Level Holding?
14. AUD/USD Simple Price Action Forecast: Why Buy at 0.71700 Support Area?
15. GBP/NZD Price Action Idea: Is GPB/NZD 2.3000 Key Floor for Bullish Continuation?
16. GBP/USD Price Action: Trade Setups on a Ranging Market?
17. USD/CAD Simple Price Action: Is 1.36500 the Key Bullish Floor?
18. USD/CAD Price Action Ideas: Setting Up for the Next Bullish Push?
19. EUR/JPY Price Action: Is It Retesting a Reversal Pattern?
20. NZD/USD Forecast: Potential Consolidation Breakout on NZD/USD?
21. AUD/JPY Price Action Forecast: Is AUD/JPY Setting Up for a Massive Sell?
22. NZD/USD Price Action Forecast: Is a Reverse Double Top Pattern Forming?
23. NZD/USD Price Action Forecast: Is a Reverse Double Top Pattern Forming?
24. AUD/CHF Forex Price Action Idea: Are Sellers Defending the 0.56504–0.56200 Key Level?
25. AUD/CHF Price Action Forecast: Price Breaks Below Consolidation, What's Next?
26. EUR/USD Forecast Today: Can NFP News Today Push EUR/USD Down to 1.13000?
27. EURCHF Price Action Forecast: Is a Bearish Double Top Signaling a Major Drop?
28. EUR/USD Price Action Forecast Today: Will the 1.14150–1.14520 Resistance Trigger a Drop to 1.13500?
29. EUR/USD Price Action Forecast Update Today: Is the 1.1410 – 1.4520 Resistance Level Still Potentially Trigger a Drop?
30. GBP/AUD Price Action Forecast Today: Will the British Pound or Australian Dollar Come Out on Top?
31. EUR/AUD Price Action Forecast Today: Will the 1.63930 Support Trigger the Next Bullish Move?
32. GBP/CAD Price Action Forecast Today: Will the 1.88260–1.87700 Support Zone Trigger the Next Bullish Move?
33. EUR/AUD Price Action Forecast Update: Buyers Defended 1.63930 Support level, Was the Bullish Trade Confirmed?
34. EUR/GBP Price Action Technical Analysis Today: Will the Double Top Trigger a Bearish Move?

Master How to Identify Market Trend

Learn how to identify bullish, bearish, and sideways markets using price action to make more informed trading decisions:

1. A Guide to Master Price Action Strategy that Works in Any Market: How to Master the Trend in Trading Any Market
2. A Guide to Master a Strategy that Works in any Market: The Structure of a Market Trend
3. A Guide to Master a Price Action Strategy That Works in Any Market: Complete Guide on How to Trade with Market Structure + Support & Resistance (Step-by-Step)

Learn of How to Identify Support and Resistance

1. A Guide to Master a Strategy that Works in Any Market: How to Identify Support and Resistance Levels?
2. A Guide to Master a Price Action Strategy That Works in Any Market: Complete Guide on How to Trade with Market Structure + Support & Resistance (Step-by-Step)

Master ow to use break & retest pattern

Ready to learn and capitalize the repetitive patterns in the markets? Here’s how to do it step by step:

1. Break and Retest: A Simple Repetitive Price Action Pattern?
2. Break and Retest: How to Capitalize Repetitive Patterns in Trading?
3. EUR/JPY Price Action: Is It Retesting a Reversal Pattern?
4. False Breakouts: How to Avoid Breakout Traps and Trade Smarter?

Master How to Use Candlestick Confirmation & Patterns

Discover how candlestick patterns can help confirm market direction:

1. The Top Japanese Candlestick Patterns to Trade: Mastering Japanese Candlestick Confirmation + Pairing with Price Action Analysis
2. The Top Japanese Candlestick Patterns to Trade: How to Use the Engulfing Candlestick as a High-Probability Entry Signal
3. Bullish and Bearish Pin Bar Candlestick: The Complete Guide to Trading Reversal Candlestick Confirmations

Master the Art of Trading Trend Reversal Patterns

1. Reversal Chart Patterns: The Complete Guide to Spotting Bullish and Bearish Trend Reversal Pattern in Trading

Mastering the 50 EMA

1. Master Exponential Moving Average: How to Trade using EMA Indicator with Price Action Analysis?

Learn How to Trade Gold

Gold is still one of the most traded assets, here’s how to trade it with confidence:

1. XAUUSD Price Action: A Beginner Buy Setup for Next Week
2. How to Trade Gold Using Simple Price Action Outlook: 4500 the Key Zone for XAUUSD Buys?
3. The Simplest Way to Trade XAU/USD Using Price Action Analysis: Buy and Sell Anticipation on Gold?
4. XAU/USD Price Action: Will Gold Rally to $4,900 Today?
5. Gold (XAU/USD) Price Action Forecast: Will XAU/USD Drop to $4650?
6. Gold (XAU/USD) Trade Ideas: A Simple Price Action Analysis on Gold This Week?
7. Gold (XAU/USD) Price Action Idea: A High-Probability Trade Setup on Gold?
8. Gold XAU/USD Price Action Idea: Is a Bullish Momentum Coming?
9. Gold (XAU/USD) Price Action Ideas: Will News Trigger a Breakout or Consolidation on Gold?
10. How to Step-by-Step Swing Trade Gold (XAU/USD) with Pure Technical Price Action Analysis?
11. Gold XAU/USD Price Action Forecast: Anticipating a Consolidation Breakout on Gold Again?
12. Gold XAU/USD Price Action News Forecast Today: Can XAU/USD Break Above the $4,200–$4,190 Resistance Zone or Hold?
13. Gold XAU/USD Forecast Update Today: How the $4,200–$4,190 Resistance Zone Triggered the Selloff?
14. Gold (XAU/USD) Price Action Forecast Update Today: Is the Double Top Pattern Signaling Another Gold Selloff?
15. Gold (XAU/USD) Price Action Forecast Update Today: Did the Double Top Pattern Trigger the Massive Selloff?
16. Gold (XAU/USD) Price Action Forecast Update Today: Could Gold Price Still Drop to $3,930?
17. Gold XAUUSD Price action Forecast: Is the Gold Breakout the Next Big Move?

Swing Trading 101

1. How to Step-by-Step Swing Trade Gold (XAU/USD) with Pure Technical Price Action Analysis?

Learn How to Trade Crypto with Price Action Strategy

1. Bitcoin BTC/USD Price Action: Could Bitcoin Still Keep Dropping?
2. Bitcoin (BTC/USD) Price Action Insight: Could Bitcoin Still Drop to $58,000?
3. Bitcoin (BTC/USD) Forecast Update: Has the $58,000 Correction Ended?
4. BTC USD Price Action Forecast Today: Is the $66,070 – $65,470 Resistance the Key to Bitcoin's Next Move?
5. BTC/USD Price Action Forecast Update Today: Did the $66,070–$65,470 Resistance Trigger Bitcoin's Next Move?
6. Bitcoin (BTC USD) Price Action Forecast Today: Could Bitcoin Still Drop to $60,000?

Mastering Trader's Mindset

Your mindset is what separates steady growth from costly mistakes. Focus on these essentials:

1. Trading Mindset: Why Trading Exposes Who You Really Are?
2. Consistency in Trading is Key: Why Discipline Beats Intelligence?
3. Overtrading: Why More Trades Do Not Mean More Profits?
4. Trading Wick Outs: How to Handle Fake Outs and Market Losses?
5. Trading Psychology: The Truth About Trading Success
6. Deliberate Practice in Trading: Why Intentional Practice Beats More Screen Time?
7. Trading Psychology: Why Most Traders Struggle With Consistency? (And It Has Nothing to Do With the Market)
8. Mastering the Three Pillars of Profitable Trading: Risk Management, Trading Strategy, and Trading Psychology
9. The Mental Game of Trading: How to Overcome Trading Hesitation and Execute Trades with Confidence?
10. Emotional Neutrality in Trading: The Secret Weapon of Consistent and Discipline Traders

Professional Trader's Mindset Masterclass

Develop the mindset of a professional trader by mastering discipline, emotional control, patience, and consistency to achieve long-term trading success:

1. Trading Psychology: Why the Mindset of a Profitable Traders Separates from Everyone Else?
2. The Professional Trader's Mindset: 6 Psychological Traits Every Consistently Profitable Trader Needs

Risk Management Series

Learn the essential risk management strategies to protect your capital, manage losses, and trade with confidence:

1. Risk Management in Trading: What Is the Secret to Long-Term Trading Success?
2. Risk Management 101: The 20% That Determines Whether You Survive, Scale, and Succeed in Trading

Learn Position Sizing

1. Master Position Sizing in Trading: 5 Rules to Protect Your Capital and Grow Your Account

Beginner trading roadmap

Not sure where to begin? Here’s a simple roadmap to guide you:

1. Common beginner Traders Mistakes → avoid overtrading, revenge trading, and chasing the market.
2. Master Traders Psychology → build discipline, patience, and emotional control
3. Mastering Risk Management → learn how to have a sustainable trading.
4. Master Simple Technical strategies & Indicators → especially price action, key levels, and market structure.
5. Applying to Real Market → forex, crypto and indices.

By building step by step; from basics → real trading → mastering the craft, you’ll gain clarity, confidence, and steady progress without ever feeling overwhelmed.

Follow me for more daily market and educational insights!

Ruffy Grant B. Capacio - LinkedIn | Telegram | YouTube

ACY Securities - Discord

Disclaimer:

Trading forex and derivative instruments involves substantial risk and may not be suitable for all individuals. Only use funds that you are prepared to lose. It is important to understand how these markets work and the risks involved before trading, and to seek independent financial advice if needed. All market analysis and insights shared are intended for educational and informational purposes only and should not be considered financial or investment advice. August 18, 2026.