EUR/GBP Bears Cautious Below 0.8600 After Rebound from One-Year Low

EUR/GBP is showing a slight upward bias on Tuesday as profit-taking and short-covering emerge after a sharp decline. The pair rebounded from an intraday low of 0.8533—its weakest level since June—and was last seen trading around 0.8550.

Despite the bounce, the broader technical outlook remains bearish as long as the cross stays below the 0.8600 handle. The recent selloff broke through key support levels, and any recovery is likely to attract fresh selling pressure near resistance.

Traders will watch for a sustained move above 0.8600 to invalidate the downside bias; otherwise, the path of least resistance remains lower.