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fxJul 9, 2026, 8:03 AM

EUR/GBP Languishes Below 0.8550, Bullish Attempts Subdued

The Euro trades moderately higher against the US Dollar near 1.1440 but remains in a weekly range with a broader bearish trend. Meanwhile, EUR/GBP struggles below the 0.8550 level as bullish momentum fades.

EURGBPEURUSD

EUR/GBP continues to trade below the 0.8550 mark, with bullish attempts failing to gain traction. The pair remains under pressure as sellers defend the level.

Meanwhile, the Euro posted modest gains against the US Dollar on Thursday, touching session highs near 1.1440. However, the move remains contained within the weekly range, and the broader bearish trend for the single currency persists.

Traders are watching for any breakout above the 0.8550 resistance in EUR/GBP or a sustained move above 1.1440 in EUR/USD to confirm a change in sentiment, but current price action points to continued downside risk.

Source: FXStreet Forex News