EURGBP Forming Resistance SupportEuro vs British PoundTICKMILL:EURGBPAndrewsMarket-MasteryEUR/GBP is showing a very constructive setup after clearing a major resistance-turned-support zone around 0.8720–0.8750. This level has held firm on the chart, and recent price action suggests a possible pullback into that area before resuming the upward move. If buyers defend this zone once again, we could target a retest toward 0.9000 and potentially higher, depending on momentum and macro flows. On the fundamental side, the pound is under growing pressure as market expectations build around more rate cuts from the Bank of England. The BoE has already trimmed its rate, and many economists are pricing in further easing given weaker UK growth and sticky fiscal risks. Meanwhile, the euro benefits from relatively stable ECB policy — the central bank is holding its rate steady, which supports the euro in this cross. However, the picture isn't one-sided. There’s strong divergence between inflation in the UK and the Eurozone: UK inflation remains elevated, which could limit the BoE’s ability to cut too aggressively. () Meanwhile, the Eurozone comes with its own challenges, including soft growth and political risk. From a trading perspective, this setup offers a high-probability long scenario. A bounce off the purple zone (0.872–0.875), confirmed with bullish price action, would be an ideal entry. Risk can be defined with a stop just below that support zone. If the trade executes well, targeting 0.9000 or higher makes sense—especially if macro momentum continues to favor euro strength against a pressured pound.