EUR/GBP – 4HEUR/GBPOANDA:EURGBPforexcitypro_leemeenal Technical Analysis | EUR/GBP – 4H Hello everyone and welcome back, dear TradingView followers! 🌹📊 I hope you are all having a great trading journey and green trades. Today, let’s take a look at EUR/GBP on the 4-hour timeframe. 🔎 🏦 Fundamental Perspective The EUR/GBP pair is highly sensitive to the monetary-policy divergence between the ECB and the Bank of England, as well as inflation, economic growth and market expectations regarding interest rates in the Eurozone and the UK. 🇪🇺🇬🇧 On the higher timeframes, the broader structure can still be considered bearish. However, something important is happening in the short term: buyers appear to have gained control of price action, leading to the formation of a new bullish structure on the 4H chart. 📈 📊 4H Technical Analysis Looking at the current structure, price has recovered from a significant bearish move and started forming higher lows, creating a short-term bullish trend. 🟢 More importantly, price has now broken above the dynamic resistance highlighted on the chart. This could indicate increasing bullish momentum. However, I would still like to see how price reacts around the major white static resistance zone before considering the breakout fully confirmed. 🎯 If price manages to close and stabilize above the white resistance area, followed by a successful retest, the bullish scenario becomes considerably stronger. In that case, the setup could provide a more favorable opportunity for Long positions, with the possibility of further upside. 🚀📈 ⚠️ Fake Breakout Scenario But, as always, we need to keep the opposite scenario in mind. 👀 If the breakout of the dynamic resistance turns out to be a Fake Breakout and price falls back below the dynamic trendline, the situation could change quickly. A subsequent break below the important 4H structural low/support would be a serious warning that the short-term bullish structure is losing strength and that another bearish wave could begin. 🔻 Therefore, at this stage, confirmation and consolidation are more important than simply chasing the breakout. Patience can help reduce unnecessary trading risk. ⚠️ 🧠 Final Thoughts For now, I see three possible scenarios: 🟢 Bullish: Break and consolidation above the white resistance + successful retest → higher probability of continuation to the upside. 🔴 Bearish: Fake breakout + break of the 4H structural low → higher probability of a new bearish move. 🟡 Current situation: Wait for confirmation. The short-term structure is bullish, but the higher-timeframe trend has not yet been completely reversed. 🗳️ What’s Your View? Which scenario do you think EUR/GBP will choose? 🤔 🟢 Bullish continuation and resistance breakout 🔴 Fake breakout and bearish reversal Let me know your view in the comments! 👇💬 ⚠️ Disclaimer: This analysis is provided for educational and technical-analysis purposes only and does not constitute financial or investment advice. Financial markets involve significant risk. Always conduct your own research and use appropriate risk management before making any trading decision. #EURGBP #EUR #GBP #Euro #Pound #Forex #ForexTrading #TechnicalAnalysis #PriceAction #TradingView #ForexAnalysis #4H #Breakout #Retest #Support #Resistance #RiskManagement