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EURGBPm M30 Technical Analysis 1. Overall Market Structure The EURGBPm M30 chart shows a clear transition from an earlier consolidation phase into a strong bullish expansion, followed by a period of consolidation near the upper price region. At the beginning of the visible structure, price is moving around the 0.85550–0.85580 area with several fluctuations and relatively limited directional momentum. The market then creates important SWING LOW points around the 0.85500 and 0.85475–0.85490 regions. From the second major swing low, buyers begin to gain control and price starts producing stronger upward candles. The most important change occurs around 26 Aug, when price leaves the previous range and begins a powerful bullish displacement. This upward movement takes price through the 0.85580–0.85615 region and eventually toward 0.85755–0.85790. The chart therefore clearly shows a strong BULLISH TREND during the middle portion of the structure. However, after reaching the upper region, price does not continue expanding aggressively. Instead, it begins consolidating around 0.85700–0.85730 and gradually produces weaker upward movement. This means the current structure should be viewed as bullish in its major expansion but more balanced and corrective near the current price of approximately 0.85716. 2. SWING LOW The SWING LOW markings on the chart provide an important foundation for understanding the bullish move. The first significant swing low appears around 24 Aug near the 0.85500 region, followed by another deeper swing low around 25 Aug close to 0.85475. The second swing low is particularly important because price reacts strongly from this area instead of continuing downward. After touching the lower region, the market starts building a recovery structure and gradually moves upward. The reaction from this swing low eventually becomes the starting point of the stronger bullish expansion visible on 26 Aug. This tells us that the lower area acted as a strong demand region during the displayed price action. The swing low therefore becomes an important structural reference if price moves lower again. As long as the market remains above this broader lower region, the previous bullish expansion cannot simply be ignored. A return toward the swing-low area would represent a much deeper retracement and would require careful observation of whether buyers again produce strong rejection and bullish displacement. 3. BOS The chart contains clearly marked BOS levels around the 0.85580–0.85590 region. These Breaks of Structure are important because they show that price was no longer respecting the previous sideways structure and began shifting upward. Before the bullish expansion, price repeatedly moved within a relatively narrow range, creating temporary highs and lows without sustained continuation. Once the market broke above these previous structural levels, the character of price movement changed. The candles became more directional and the distance covered by the bullish move increased considerably. The second BOS is particularly significant because it occurs immediately before the strong upward displacement toward 0.85615 and then higher. This indicates that the bullish movement was not simply a small retracement inside the earlier range; it was accompanied by a meaningful structural expansion. The BOS levels can therefore be used as reference points for judging the strength of the bullish structure. If price remains above the broken structure, the bullish interpretation remains supported. A decisive return below these levels, especially with strong bearish candles, would indicate that the earlier bullish structure is losing strength. 4. STRUCTURE BREAK The marked STRUCTURE BREAK is one of the most important points on your chart because it connects the earlier consolidation with the subsequent bullish expansion. Price approaches the previous structural level and then breaks through it with strong bullish candles. Immediately after this break, the market accelerates upward and begins forming a much clearer directional movement. The structure break is therefore supported by displacement rather than occurring through slow and overlapping candles. This distinction is important because the chart shows a clear difference between the earlier sideways price action and the aggressive movement after the break. Following the structure break, price moves through approximately 0.85600 and continues toward the 0.85650–0.85700 region. The market then reaches the upper area around 0.85755. This sequence suggests that buyers were able to convert the previous range into a bullish expansion. However, the structure break should not be treated as an unlimited bullish signal. Once price reaches the upper region and begins consolidating, the focus shifts from the original break toward whether the market can establish another higher high. 5. BULLISH TREND The BULLISH TREND marked on the chart is clearly visible through the strong upward sequence from the lower FVG areas toward the upper price region. After the market establishes the swing low around 0.85475–0.85500, price begins creating progressively stronger bullish candles. The move from approximately 0.85560 toward 0.85615 and then toward 0.85700 is particularly important because the candles show increasing directional momentum. The bullish trend eventually takes price toward the 0.85755–0.85790 area. During this expansion, buyers demonstrate the ability to overcome intermediate resistance levels and push price higher. The trend therefore has a strong bullish character in the central portion of the chart. However, the later candles around 27 Aug show that this momentum has slowed. Price remains elevated but begins moving sideways rather than continuing aggressively upward. Therefore, the bullish trend remains an important part of the chart's overall structure, but the current phase should be considered a consolidation after bullish expansion rather than another fresh impulsive leg. 6. FAIR VALUE GAP — Upper FVG The first marked FVG around approximately 0.85580–0.85610 is positioned directly underneath the strong bullish expansion. This Fair Value Gap represents an imbalance created during the rapid upward movement. Its location is particularly important because it sits close to the structural area that price broke before accelerating higher. If price retraces deeply from the current region, this FVG becomes one of the first major areas to monitor for a bullish reaction. A controlled retracement into this zone followed by rejection would indicate that buyers are still defending the imbalance created during the original bullish displacement. On the other hand, if price moves through the entire FVG with strong bearish candles and begins closing below it, the bullish structure would become weaker. The chart therefore presents this FVG as an important intermediate support area. It should not automatically be considered guaranteed support; the actual reaction of the candles inside and around the zone is more important. The stronger the bullish rejection from this FVG, the more credible a continuation of the original bullish structure becomes. 7. FAIR VALUE GAP — Lower FVG The second FVG marked around approximately 0.85535–0.85545 is positioned below the upper FVG and above the ORDER BLOCK (DEMAND ZONE). This lower imbalance is significant because it sits within the region from which the market developed its bullish expansion. The two FVGs together create a layered support structure beneath the current price. If EURGBPm begins a deeper correction from 0.85716, price could first move toward the upper FVG before potentially reaching this lower FVG. A strong bullish reaction from either zone would suggest that buyers are attempting to defend the bullish structure. However, if price passes through the upper FVG and continues downward into the lower FVG without meaningful rejection, attention should shift toward the demand order block beneath it. The lower FVG is therefore important as an intermediate zone between current price and the deeper demand area. Its reaction can help determine whether the current consolidation develops into a normal bullish retracement or turns into a larger bearish correction.

8. ORDER BLOCK (DEMAND ZONE) The ORDER BLOCK (DEMAND ZONE) around approximately 0.85470–0.85510 is the most important lower support region visible on the chart. Price previously moved into this area and subsequently produced a strong bullish expansion. The reaction from this zone is therefore directly connected with the bullish trend shown later in the chart. The demand order block is located beneath both marked FVGs, making it the deeper support area in the current structure. If price falls substantially from the current 0.85716 region, this zone becomes particularly important. A successful test could produce another bullish reaction similar to the previous move, especially if the candles show rejection and strong upward displacement. However, a decisive M30 close below the demand zone would weaken the bullish interpretation considerably. Because this zone was associated with the origin of the major bullish expansion, a breakdown beneath it would suggest that buyers are no longer defending the same area with the strength seen earlier. For this reason, the ORDER BLOCK (DEMAND ZONE) is the key downside structural reference on the chart. 9. SWING HIGH The SWING HIGH marked near the 0.85720–0.85730 region represents an important intermediate high before price continues toward the 0.85755–0.85790 upper area. Price approaches this region after the strong bullish displacement and initially reacts around it. The swing high is important because it becomes a reference for determining whether buyers can continue creating higher highs. Price eventually pushes beyond this area, showing that the bullish trend remains active at that stage. However, after reaching the upper region, the market struggles to maintain the same momentum. Several candles around 27 Aug test the upper levels but fail to create sustained continuation. Therefore, the swing-high region should now be watched as part of the current resistance structure. If buyers reclaim and hold above it with strong M30 closes, the market could attempt another move toward the 0.85755–0.85790 region. If price repeatedly rejects this area, it would suggest that the upper liquidity and resistance are still preventing further bullish expansion. 10. RESISTANCE The red RESISTANCE line around 0.85729 is one of the most important levels on your chart because the current price is positioned very close to it. Price has interacted with this area multiple times after the major bullish expansion. The current price level around 0.85716 is slightly below the resistance, meaning the market is effectively trading underneath an important decision point. If buyers push through 0.85729 and establish strong M30 closes above it, that would indicate that resistance is being reclaimed and could open the way toward the upper 0.85755–0.85790 region. However, repeated rejection around 0.85729 would indicate that sellers continue to defend the level. The key point is that the resistance line should not be interpreted by itself. The candle reaction around the level is what determines whether the market is accepting or rejecting higher prices. A clean breakout followed by a successful retest would provide stronger bullish confirmation, while repeated upper wicks and bearish closes would increase the probability of a retracement toward the FVG areas. 11. CURRENT PRICE LEVEL The CURRENT PRICE LEVEL shown around 0.85716 places EURGBPm directly below the marked resistance at 0.85729. This makes the current location a decision area rather than a clean directional zone. Above price, the chart contains the resistance at 0.85729 followed by the previous upper highs around 0.85755–0.85790. Below price, the first meaningful support structure is represented by the upper FVG around 0.85580–0.85610, followed by the lower FVG around 0.85535–0.85545 and finally the demand order block around 0.85470–0.85510. This means the market currently has considerable room on both sides. The immediate bullish question is whether price can reclaim resistance and return toward the upper highs. The immediate bearish question is whether rejection from resistance can push price back into the FVG zones. Therefore, the current price should be treated as a confirmation area. The next strong candle sequence around 0.85729 may provide more information about the next directional move. 12. Upper Liquidity and Rejection The upper portion around approximately 0.85755–0.85790 represents an important area of previous highs and visible liquidity. Price reaches this region after the major bullish expansion and then begins to struggle. Several candles repeatedly test the upper area without producing sustained continuation. This behavior shows that although buyers were able to reach the upper region, they were unable to maintain strong expansion above it. The subsequent movement back toward 0.85716 creates an important rejection element within the chart. If price returns to the upper region and again produces rejection, it would strengthen the idea that the market is facing significant selling pressure at these highs. Conversely, a decisive breakout and sustained M30 acceptance above the previous high region would change the current picture and suggest that the bullish trend is ready for another expansion. Until such a breakout occurs, the upper liquidity region remains a major obstacle for buyers. 13. Bullish Continuation Scenario For the bullish continuation scenario, the first requirement would be a strong reaction from the current area followed by a decisive break above the RESISTANCE around 0.85729. A simple wick above the level would not be enough; stronger confirmation would come from a solid M30 candle close above resistance followed by continued acceptance. If price then holds above 0.85729, the next focus would be the previous high region around 0.85755–0.85790. A successful break of that upper region would indicate that the earlier bullish trend has regained momentum after consolidation. Another bullish scenario could develop if price retraces into the upper FVG around 0.85580–0.85610, produces a strong rejection, and then returns toward resistance. In that case, the FVG would function as a potential support area within the existing bullish structure. The strongest bullish interpretation would therefore be resistance breakout + successful hold + continuation toward the previous upper highs. 14. Bearish Correction & Final Technical Outlook For the bearish correction scenario, the first warning would be repeated rejection from the 0.85729 resistance followed by a sustained decline below the current 0.85716 area. The next important region would be the upper FVG around 0.85580–0.85610. If price enters this zone and fails to generate a bullish reaction, the correction could extend toward the lower FVG around 0.85535–0.85545. A decisive break through both FVGs would then bring the ORDER BLOCK (DEMAND ZONE) around 0.85470–0.85510 into focus. Overall, according strictly to your chart, the broader structure remains characterized by a strong BULLISH TREND, supported by the earlier BOS, STRUCTURE BREAK, bullish displacement, and demand order block. However, the current market is no longer in the strongest phase of that expansion because price is consolidating beneath the upper resistance and previous highs. The most important immediate level is 0.85729 RESISTANCE. Above it, the market can attempt another move toward 0.85755–0.85790. Below the current area, the key support sequence is the 0.85580–0.85610 FVG, the 0.85535–0.85545 FVG, and finally the 0.85470–0.85510 ORDER BLOCK (DEMAND ZONE). Therefore, the chart currently presents a bullish structure with a consolidation/decision phase at resistance. The cleanest bullish confirmation would be a sustained break above 0.85729, while the clearest corrective confirmation would be a strong move back through the FVG zones toward the demand order block.