EUR/GBP Intraday Short: Resistance at 0.859 Holds, Targeting Lower Levels

Market Context and Technical Setup

Looking at EUR/GBP, the market is currently trading around 0.85841, right in the middle of a tight 24-hour range between 0.85779 and 0.85903. While the broader trend has been sideways, we're seeing persistent rejection around the 0.859 resistance level. This is a key level being tested, and it's proving to be a