EUR/USD, EUR/GBP and GBP/USD trade in low volatility ranges
EUR/USD, EUR/GBP and GBP/USD trade in low volatility ranges amid minor economic releases.
EUR/USD sideways trades
EUR/USD's recovery from its over two-year low of $1.0178 has encountered minor resistance between the $1.0333 - $1.0344 range, which were the lows in November and mid-December, as expected.
If exceeded, the next higher resistance zone might reach $1.0436 - $1.0460.
Minor support can still be seen around the early January low of $1.0225.
EUR/USD daily chart
EUR/GBP advances further
EUR/GBP continues to oscillate around the 200-day simple moving average (SMA) at £0.8421.
An advance above Tuesday's high of £0.8462 would set its sights on the £0.8600 region.
Support lies at the 9 January high of £0.8406 and further down between the mid-October and mid-to-late November highs of £0.8380 - £0.8364.\
EUR/GBP daily chart
GBP/USD sideways trades above 13-month low
GBP/USD continues to range trade above its 15-month low of $1.2100 while remaining below Wednesday's high of $1.2307. Above it lies the early January low at $1.2353.
A fall through the $1.2100 mark would target the October 2023 low of $1.2038, as well as the psychological $1.2000 mark.
GBP/USD daily chart
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