EUR/USD retests key resistance as GBP/USD rises and EUR/GBP trades in 3-month low
EUR/USD retests key resistance as GBP/USD rises and EUR/GBP trades in 3-month low amid hopes for a Ukraine peace plan following a meeting of European leaders in London on Sunday.
EUR/USD retests key resistance
Last week EUR/USD was rejected by its major $1.0461 to $1.0533 resistance area which this week is being retested.
Minor support remains to be seen at last week's $1.0360 low, the mid-January high at $1.0354 and then along the breached downtrend line at $1.0336.
EUR/USD daily chart
EUR/GBP trades in 3-month low
EUR/GBP tries to recover from its February £0.8243 low, below which lies the December low at £0.8223.
Minor resistance remains to be seen at the late December low at £0.8264 and also between the 26 February high and 10 February low at £0.8305 to £0.8310.
EUR/GBP daily chart
GBP/USD tries to recover
GBP/USD will have the mid-December high at $1.2729 in its sights while the 19 February and last week's lows at $1.2564 to $1.2560 as well as the $1.2550 early February high underpin on a daily chart closing basis.
Should this not be the case, the January peak at $1.2524 could be targeted.
GBP/USD daily chart
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