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fxJul 29, 2026, 10:24 AM

EUR/GBP Pulls Back from 0.8575 Resistance, Bullish Bias Remains

The Euro weakened against the Pound on Wednesday after failing to break above the 0.8575 resistance area, though the broader bullish outlook stays intact.

EURGBP

The Euro (EUR) is nursing moderate losses against the British Pound (GBP) on Wednesday. Bulls failed to find acceptance above the 0.8575 resistance area, leading to a pullback.

Despite the intraday decline, the broader bullish bias remains intact. The rejection at resistance signals a temporary setback rather than a trend reversal.

Traders will watch whether the pair can regroup and challenge the 0.8575 level again in the near term.

Source: FXStreet Forex News