Two Key Supports Shattered on EUR/GBP
14 August 2025
In today’s technical analysis, we’re focusing on the Euro to British Pound, where the charts are flashing a clear bearish signal. This week started with a decisive break of the red uptrend line — a structural support that had been holding the pair for weeks. That break alone tilted sentiment to the downside, but today’s move adds even more weight to the bearish case.
During the early European session, the price sliced through the blue neckline of a well-formed head and shoulders pattern. This neckline had acted as a reliable defense level, tested multiple times with remarkable accuracy. The latest bearish breakout suggests sellers have finally overwhelmed buyers, opening the door to deeper declines.
The sentiment on EUR/GBP is firmly negative, and the technical picture points to a heightened probability of a larger drop ahead. Unless the price quickly reclaims the broken supports, the path of least resistance remains to the downside.