EUR/GBP Edges Lower but Dips Remain Shallow Below 0.8580
The euro drifted lower against the pound after a three-day advance, but sellers failed to push prices meaningfully beneath the 0.8580 handle.
EURGBP
The EUR/GBP pair eased to around 0.8575 on Thursday, retreating from a three-day rally that had carried the pair toward the late-July peak of 0.8586. Despite the dip, bearish pressure remained contained, with no sustained break lower developing during the session.
Traders noted the cross remains capped below the 0.8586 resistance, which marks the top from the final days of July. Sellers have been unable to push the rate meaningfully below 0.8580, indicating limited downside appetite for now.
Source: FXStreet Forex News