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CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

​​​EUR/USD, EUR/GBP and GBP/USD under pressure on Veterans Day​​​

​​​EUR/USD, EUR/GBP and GBP/USD took a hit on Friday ahead of Monday’s Veterans Day.​​

Dollar Source: Adobe images

​​EUR/USD under pressure

The euro has been under pressure since Friday with EUR/USD revisiting its four-month low at $1.0683 which offered support. With countries like France and the US shut for Veterans Day, Monday is expected to see relatively little volatility.

Minor resistance is found at the $1.0778-to-$1.0762 zone. A fall through $1.0683 would eye the June low at $1.0666.

EUR/USD chart Source: TradingView.com
EUR/USD chart Source: TradingView.com

EUR/GBP attacks support

On Friday EUR/GBP marginally and briefly dipped below its key September-to-October £0.8318-to-£0.8296 support zone to £0.8292, above which it remains. If fallen through, the 2019, 2020 and April 2022 lows at £0.8282-to-£0.8250 would be eyed.

Minor resistance can be seen between the 24 October high at £0.8352 and the mid-October high at £0.8380.

EUR/GBP chart Source: TradingView.com
EUR/GBP chart Source: TradingView.com

GBP/USD range trades

GBP/USD range trades between the key $1.3000-to-$1.3048 resistance zone and last week's low at $1.2835. If it and the 200-day simple moving average (SMA) at $1.2816 were to give way, the January-to-February highs at $1.2786-to-$1.2772 would be in sight.

GBP/USD chart Source: TradingView.com
GBP/USD chart Source: TradingView.com

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