EURGBP 4H: Reversal Setup Forms at Key SupportEUR/GBPOANDA:EURGBPMuhammadTradesEURGBP 📌 Structure: Price has sold off sharply from the 0.8620 area over the past two weeks, and the 4H chart now shows compression and basing just above 0.8540, a pattern that often precedes a reversal or relief bounce. 📌 Support Zone: 0.8495 to 0.8540 has held on repeated retests this week, a sign sellers are losing momentum into current levels. 📌 Sentiment: EUR and GBP continue to diverge on central bank rate expectations, keeping this pair sensitive to any shift in the ECB vs BoE outlook. 📌 Catalyst: Eurozone and UK data prints later this week could confirm the base or invalidate it, watch for a breakout above resistance to trigger the next leg. 📍 Entry: 0.8545 🎯 Target: 0.8599 : aligns with the measured move off the recent basing structure, a key resistance/reversal level to watch for confirmation Not financial advice, just reading the chart as it develops.