EURGBP | Sellers Are Done Here, Accumulation Before 0.8657EUR/GBPOANDA:EURGBPMuhammadTradesEURGBP has been grinding lower for weeks, but look closely at the last stretch of this decline. Candles are getting smaller, wicks are growing on both sides, and price keeps stalling in the same zone around 0.8560. That is not trending behavior anymore. That is a market running out of sellers. I am long from 0.8565, and this time the fundamentals are doing the heavy lifting: 📌 The ECB hiked in June while the Bank of England held for the fourth meeting in a row. The rate gap that carried the pound all year has narrowed to 150bp and it is closing, not widening 📌 UK political noise is building, with early election speculation creeping into sterling pricing. Political risk premium works against GBP, which means it works for this pair 📌 Two live catalysts ahead: ECB on July 23 and BoE on July 30. If the ECB stays hawkish and the BoE stays on hold, this pair gets repriced higher 📌 Technically, price is basing after an extended drop, and the choppy sideways action you see near the lows is what accumulation looks like while everyone else is still bearish I expect the move up to be ugly, not clean. Pairs like EURGBP rally in zigzags, shaking out weak longs on every dip. That is why the white path on my chart is drawn the way it is. The dips are part of the trade, not a reason to abandon it. 🎯 Target: 0.8657, the origin of the breakdown and the level where trapped buyers from June will be waiting. First meaningful reaction likely near 0.8600 round number. Risk is defined below the accumulation zone. I never trade without a hard invalidation, and my full risk parameters are shared with my community. Gold paid us twice this week, both calls are on my profile. Same systems, different pair. Boost and follow if you want the updates as this one plays out. Not financial advice. Trade your own plan.