EUR/GBP extended its pullback after failing to break through 0.8610, a graphical hurdle tied to the February and March troughs. The cross then slipped below the July lows, keeping downside momentum in place and leaving the market focused on whether it can regain traction.
With price action unable to reclaim last week’s 0.8500 high, the move lower risks continuing towards 0.8405. Beyond that, projections sit at 0.8370 and the 0.8355 area, setting nearby levels to watch as the decline develops.
