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Market Overview

While geopolitical headlines may create short-term volatility, the broader technical structures across several major markets remain intact.

Current market themes include:

• Continued weakness in the Euro
• Persistent bearish pressure on the British Pound
• Gold trading within a corrective structure before another possible decline
• Bitcoin approaching an important technical decision point

Let’s examine each market individually.

EUR/USD Forecast – Bearish Momentum Remains Dominant

The bearish scenario discussed in previous forecasts continues to develop almost exactly as anticipated.

Several weeks ago, we highlighted the importance of the previous swing high holding while price broke below support. That bearish sequence has now unfolded, keeping sellers firmly in control.

Weekly Outlook

The larger weekly structure continues to suggest that EUR/USD is moving within a descending channel.

Price is currently approaching the middle portion of that channel—a technically significant area.

If sellers successfully break through this support, the next major objective sits below 1.1000.

However, traders should also recognize an important historical support area created by the previous bullish breakout. This zone could eventually become the foundation for another long-term buying opportunity.

Short-Term Analysis

For now, the trend remains bearish.

The preferred scenario is:

• Continued downside movement
• Retest of the rising weekly support trendline
• Completion of a bullish divergence on the Daily timeframe
• Potential buying opportunities only after the larger correction finishes

There remains a relatively small probability (roughly 10–20%) that EUR/USD forms a temporary consolidation or ABCD correction before continuing lower. While possible, it is currently not the primary scenario.

GBP/USD Forecast – Sellers Continue to Control the Market

The British Pound continues to trade under significant bearish pressure.

Our previous forecast emphasized that as long as resistance remained intact, selling opportunities would continue to offer the highest probability.

That scenario has developed as expected.

Technical Structure

Several technical developments support the bearish outlook:

• Previous swing highs remain respected
• Lower highs continue to develop
• Recent lows have been broken
• Four-hour market structure confirms a bearish trend

From a macro perspective, uncertainty surrounding the UK’s political leadership and financial policy continues to weigh on investor sentiment.

While fundamentals create volatility, the technical picture remains the primary focus.

Key Levels

As long as current resistance and supply zones remain untouched, the next downside objectives include:

• 1.3250
• Lower support levels beneath the current volume profile

Large historical volume areas often attract price during sustained trends, making these regions important downside targets.

Gold Forecast – Bearish Structure Still Intact

Gold continues to move in a difficult and highly corrective manner.

Although price action has become increasingly choppy, the overall technical outlook has not changed.

The larger bearish structure remains valid.

Primary Scenario

The preferred outlook remains for Gold to continue its decline toward the previous weekly low.

This move would complete the current corrective cycle while allowing price to retest the longer-term dynamic support trendline.

Alternative Scenario

An alternative possibility is that Gold extends its corrective ABCD pattern before the larger bearish move begins.

Should this occur, traders should monitor for:

• Higher highs in price
• Lower highs on momentum indicators (bearish divergence)
• Strong rejection from major supply zones

These conditions could present another attractive selling opportunity.

Important Resistance Areas

Several resistance zones continue to attract attention:

• Previous supply zone
• Recent swing high
• Upper resistance created by the corrective range

Unless these levels are decisively broken, sellers continue to maintain the technical advantage.

Bitcoin Forecast – Approaching a Critical Technical Decision

Bitcoin has reached one of the most important technical areas on the chart.

Price is currently testing a significant supply zone while simultaneously trading inside a short-term consolidation range.

These levels are likely to determine the next major directional move.

Current Technical Picture

As long as current resistance continues holding, the probability favors another move lower.

The broader technical objective remains unchanged:

• Retest the previous major low
• Complete the current bearish cycle
• Form lower lows on price
• Develop bullish divergence on MACD

This type of divergence would strengthen the probability of a larger long-term bullish reversal.

Long-Term Outlook

While the short-term bias remains bearish, the long-term picture continues to look constructive.

Once the current correction is complete, Bitcoin may begin building the foundation for its next major bull market, potentially extending into 2028 and beyond.

For now, however, patience remains essential.