EURGBP – Bearish Market Outlook | 1H TimeframeEuro / British PoundFOREXCOM:EURGBPQasimaliranjhaAsset: Euro / British Pound (EURGBP) Data Source: FOREXCOM Timeframe: 1H Current Price: 0.83542 1. Market Structure & Directional Bias EURGBP is showing signs of bearish market structure following a confirmed Break of Structure (BOS) and a 4H Market Structure Shift (MSS). These developments suggest a shift in momentum toward the downside. The primary focus remains on identifying potential short opportunities following a corrective pullback into key supply and mitigation zones. 2. Key Supply & Resistance Zones The immediate bearish reaction zone is identified around: BB / 2H QML / 3H A+ Zone: 0.83618 – 0.83624 Upper Resistance: 0.83741 This area represents a potential supply and mitigation zone where bearish confirmation will be closely monitored. 3. Liquidity & Downside Targets Resting liquidity below recent swing lows provides the primary downside objectives. Major Sell-Side Liquidity (SSL): 0.83155 Extended Downside Target: 0.83050 A decisive move below intermediate swing lows could open the way toward these liquidity pools. 4. Trade Setup – Short Opportunity Directional Bias: Bearish Preferred Entry Zone: 0.83618 – 0.83624 Key Invalidation Level: 0.83741 Primary Target: 0.83155 Extended Target: 0.83050 The preferred approach is to wait for price to retrace into the identified supply zone and look for bearish confirmation before considering execution. Final Outlook The overall outlook remains bearish while price respects the upper supply and resistance structure. The key objective is to capture a potential continuation move toward sell-side liquidity rather than chasing price at current levels. Structure first. Liquidity second. Execution with confirmation. Disclaimer: This analysis is shared for educational and informational purposes only and does not constitute financial advice. Always apply proper risk management and define your trade invalidation before execution.