EURGBP: Bearish Drop to 0.84540?Euro vs. Great British PoundFX:EURGBPMaster_HunterEURGBP is eyeing a bearish continuation on the 4-hour chart, with price testing resistance after recent recovery and forming lower highs along the downward trendline, converging with a potential entry zone that could trigger further downside momentum if sellers defend amid volatility. This setup suggests a solid pullback opportunity toward lower support levels with more than 1:2 risk-reward.🔥 Entry between 0.86100–0.86350 (entry from current price with proper risk management is recommended). Target at 0.84540. Set a stop loss at a daily close above 0.86860, yielding a risk-reward ratio of more than 1:2. Monitor for confirmation via a bearish candle close below entry with rising volume, leveraging the pair’s weakness near resistance.🌟 Fundamentally, EURGBP is trading around 0.855 in late July 2026. For the Euro, one of the most important releases this week (28 July – 2 August) is the Eurozone CPI Flash Estimate, where a softer-than-expected reading would increase ECB rate-cut expectations and weigh on EUR. For the British Pound, the key focus is the UK GDP or BoE-related communications, where stronger growth data would support GBP and reinforce bearish pressure on EURGBP. 💡 📝 Trade Setup 🎯 Entry (Short): 0.86100 – 0.86350 (Entry from current price is acceptable with proper position sizing and disciplined risk management.) 🎯 Target: 0.84540 ❌ Stop Loss: • Daily candle close above 0.86860 📈 Risk-to-Reward: More than 1:2 💡 Will sellers defend the 0.86100–0.86350 resistance zone and drive EURGBP toward 0.84540, or will buyers break above resistance and invalidate the bearish setup? 👇