EURGBP Forecast This Week: Bearish Channel Structure — Continuation Lower Next?

In this EURGBP technical analysis, I explain why the pair continues to trade inside a bearish channel supported by higher-timeframe divergence conditions.

On the weekly chart we are seeing:

• bearish divergence structure
• momentum weakening near resistance
• continuation pressure building

On the daily timeframe:

• lower highs
• lower lows
• channel resistance alignment
• moving-average structure holding

As long as EURGBP remains below channel resistance and the recent swing high, pullbacks remain potential selling opportunities.

From this type of structure, markets typically follow:

1️⃣ continuation lower after retracement
2️⃣ temporary corrective bounce before further downside expansion

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