EUR/USD, EUR/GBP and GBP/USD return from quiet Thanksgiving trading
EUR/USD, EUR/GBP and GBP/USD little changed after quiet Thanksgiving trading and now look forward to Friday’s Non-Farm Payrolls.
EUR/USD recovers further still
EUR/USD continues to sideways trade in a tight range above its November $1.0333 low whilst staying below its 20 November $1.061 high. While it caps, the medium-term downtrend remains intact.
Minor support sits at the mid-November $1.0497 low.
EUR/USD daily chart
EUR/GBP slips
EUR/GBP slides towards its 22 November £0.8269 low. Below it lies the November trough at £0.826, a level last traded in April 2022.
The 55-day simple moving average (SMA) at £0.8345 continues to act as minor resistance. A rise above it would target last week's high at £0.8375 as well as the late August low at £0.84.
EUR/GBP daily chart
GBP/USD recovery loses momentum
GBP/USD's recovery from its November six-month low at $1.2488 has so far taken it to $1.275. Further up meanders the 200-day SMA at $1.2818.
Support can be spotted at the mid-November $1.2597 low.
GBP/USD daily chart
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