EUR/GBP Price Forecast: Bearish bias persists below 0.8600
The post EUR/GBP Price Forecast: Bearish bias persists below 0.8600 appeared on BitcoinEthereumNews.com. EUR/GBP trades with a positive bias on Tuesday as sellers take a breather following the recent selloff that pushed the cross to a more than one-year low. At the time of writing, EUR/GBP is trading around 0.8550 after rebounding from an intraday low of 0.8533, its lowest level since June 2025. Selling pressure intensified after EUR/GBP recently broke the key 0.8600 level, a multi-month support zone. Despite the intraday rebound, technical indicators continue to favor sellers, suggesting the near-term bias remains bearish. The economic calendar is relatively light across Europe this week, leaving traders focused on comments from European Central Bank (ECB) and Bank of England (BoE) officials for fresh policy clues. ECB Governing Council member Fabio Panetta said on Tuesday that the “outlook remains fragile,” adding that “upside inflation and downside growth risks remain.” Attention no