EUR/USD, GBP/USD slip as EUR/GBP recovers from multi-year low
EUR/USD, GBP/USD slip amid appreciating Us dollar as EUR/GBP recovers from multi-year low.
EUR/USD drops further still
EUR/USD is on track for its sixth straight day of falls following Friday's $1.0629 high. The cross revisits the early December low at $1.0461, below which lies the November $1.0333 low.
EUR/USD daily chart
EUR/GBP recovers from 2 3/4 year low
EUR/GBP so far slid to £0.8226 in December, close to the March 2022 low at £0.8204.
Because of inverse polarity the £0.8260 to £0.8271 area has now become resistance. If bettered, the November to December resistance line at £0.8304 may be reached.
EUR/GDP daily chart
GBP/USD under pressure
GBP/USD has been rejected by the September-to-December resistance line and is seen heading back down towards Monday's $1.2617 low. Below it lies the mid-November $1.2597 low.
The 20 and 29 November highs at $1.2715 to $1.2750 now represent a resistance zone. Further up meanders the 200-day simple moving average (SMA) at $1.2818.
GDP/USD daily chart
The information on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG Bank S.A. accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer.
Start trading forex today
Find opportunity on the world’s most-traded – and most-volatile – financial market
- Trade spreads from just 0.6 points on EUR/USD
- Analyse with clear, fast charts
- Speculate wherever you are with our intuitive mobile apps
See an FX opportunity?
Try a risk-free trade in your demo account, and see whether you’re onto something.
- Log in to your demo
- Take your position
- See whether your hunch pays off
See an FX opportunity?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from just 0.6 points on popular pairs
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See an FX opportunity?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
