EUR/GBP Top-Down Analysis: Month → D
Published: [24-Aug-2025] | Author: [M. N. Barlas]
In this post, we analyze EUR/GBP using a top-down approach from Monthly → Weekly → Daily charts. Tools used include Support/Resistance, Demand/Supply zones, Trendlines, Fibonacci retracements, and Channels to identify high-probability setups.
1. Monthly Chart Analysis
- Trend: Range
- Key S/R Levels: Resistance: 0.87801, Support: 0.82378
- Strong Demand/Supply Zones: Supply Zone: 0.88304 - 0.87344, Demand Zone: 0.81818 - 0.82973
- Trendlines / Channels: Descending Trendline 0.92853 - 0.95046 (Red Color)
- Fibonacci Levels: See on lower timeframe
The monthly chart shows a clear range since it started in 2011 mid year and until Aug 2025. The 0.81818 - 0.82973 zone acted as a strong
support area, aligning with previously formed in the month of March 2025.
2. Weekly Chart Analysis
- Trend: As Above
- Key S/R Levels: Mid Support: 0.84875
- Supply/Demand Zones: As Above
- Trendlines / Channels: As Above
- Fibonacci: 61.8% retracement: 0.85096, 50%: 0.85561, 38.2%: 0.86025
Weekly Chart seems to be interesting as currently price is getting rejected at 0.87528 and now seen bouncing at 38.20% of Fibo Levels. On weekly bullish close last week gives us an indication for its continuation of trend.
3. Daily Chart Analysis
- Key S/R: Support at 38% Fibo Level, Resistance at 0.86955
- Channels: Top: 0.85971 - 0.86116, Low: 0.85971 - 0.86116
- Fibonacci: 61.8% retracement: 0.86877 (Price Still yet to touch)
Price has already reached 50% of FIBO on the Daily Chart is seen going towards 61.8%. Reversal cannot be confirmed unless price does not hit and shows rejection. If price retraces a bit down can create buying setups at 38% level.
