EUR/GBP price forecast: Euro/British pound faces rejection at 0.618 Arc

Mohamad Gharib

Euro/British pound (EUR/GBP): Arc cycle analysis™

Overview: Based on Arc Cycle Analysis applied to the 1h chart, Euro/British Pound is interacting with the 0.618 Resistance Arc within the current Arc Cycle. Bullish momentum has faded near this boundary, indicating that the upper Arc continues to cap upside expansion.

Metric	Reading
Market Bias	Neutral-Bearish
Preferred Scenario	Potential Rejection
Primary Target Zone	0.8590
Scenario Invalidation	Sustained close above 0.8611
Current Arc Level	Resistance Arc (0.618)
Cycle Status	Testing Resistance Arc
Arc Integrity	Strong

Market outlook

The 0.618 Arc continues to act as a primary resistance boundary, capping upside expansion. Bullish attempts have stalled beneath the Resistance Arc, indicating that the resistance remains intact.

If the Resistance Arc holds firm, a decline toward the 0.8590 level becomes the primary scenario. Conversely, a sustained 1h close above 0.8611 would invalidate the bearish scenario, opening the path toward the next Resistance Arc at the 0.786 Arc level.

Author

Mohamad Gharib

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