EUR/USD, GBP/USD side-lined near highs while EUR/GBP dips
EUR/USD, GBP/USD side-lined near highs while EUR/GBP slips further still on GBP strength.
EUR/USD still side-lined
EUR/USD remains side-lined below its $1.1201-to-$1.1214 August and September highs. A rise above last Wednesday's high at $1.1214 would put the July 2023 peak at $1.1275 on the cards.
Support below Friday's low at $1.1125 lies between the August-to-September tentative uptrend line at $1.0980.
EUR/GBP dips
EUR/GBP revisited its near 2 1/2 year £0.8318 low, made marginally above its 21 March 2022 low at £0.8296 which may still be reached at some stage. Together with the £0.8285 January 2022 low and the £0.8277 December 2019 low it represents significant support.
Previous support at £0.8378-73, because of inverse polarity, should acts as resistance above Monday's £0.8360 high.
GBP/USD still range trades
GBP/USD sideways trades around its $1.3412 September 2022 low. Were it to be exceeded, the $1.3515 December 2019 peak would be targeted, though.
Support below Thursday's $1.3313 low remains to be seen at the $1.3267 August high.
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