The bicycle and pedestrian path markings are common in Central Europe. The landscape features a canal or river with a bridge, typical of the flat terrain found in the Netherlands or Northern Germany. The overcast, grey sky and deciduous trees suggest a temperate climate during the cooler months. The overall infrastructure and vegetation point towards a well-maintained European waterway. I suspect this is in the Netherlands.

Country: Netherlands, Area: near a canal in a Dutch town. I am 40% sure.

then: forward

The graffiti style and the concrete bridge structure are very characteristic of urban areas in the Netherlands. The blue circular sign with a white arrow is a standard Dutch traffic sign for mandatory direction. The infrastructure, including the cycle path and the specific design of the underpass, strongly reinforces the Dutch hypothesis. I am now quite confident that this is in a Dutch city, likely near a railway or canal embankment.

Country: Netherlands, Area: near a Dutch city. I am 75% sure.

then: guess