EURGBP has respected the 50% Fibonacci retracement level, pulling back into a key support zone that previously acted as resistance—now a classic case of resistance-turned-support. The pair appears to have completed an impulsive Wave 3 and is currently in a Wave 4 correction, finding stability at a critical structural level. As long as the price holds above this zone, the probability of a bullish continuation remains high, setting the stage for the final push towards Wave 5. This level will be crucial for confirmation, and a sustained move above it could trigger the next leg higher in line with the Elliott Wave structure.