EUR/GBP Price Forecast: Hesitates near 0.8550 with the risk-off mood capping rallies | FXStreet

EUR/GBP is stalling around 0.8550 as a risk-off mood limits upside after a sharp reversal last Friday. The pair is trading near 0.8556, with buyers focused on support around 0.8530, including the August 12 low near 0.8531. Downside interest centers on the August 25 low at about 0.8545; a break would confirm a multiple top between 0.8575 and 0.8585 and shift attention to July 20–21 lows near 0.8485 and 0.8490. While momentum on 4-hour charts has weakened (RSI(14) around 40; MACD below zero), resistance sits near 0.8576 and 0.8585, then just above 0.8600.