EUR/GBP: Sideways Grind Points to Further Downside Potential

Technical Read: Rejection at Key Resistance

Looking at the EUR/GBP pair, we're currently trading around 0.85583, having seen a -0.25% move over the last 24 hours, shedding 0.00217. The market has been exhibiting a distinct sideways trend, with the daily range tightly confined between 0.85257 and 0.85909. What's compelling here is the repeated failure to decisively break above the 0.8591 resistance, which aligns