EUR/USD, EUR/GBP and GBP/USD resume their ascents post strong US employment report
EUR/USD, EUR/GBP and GBP/USD resume their ascents post strong US employment report and pared back rate cut expectations.
EUR/USD rises post NFP
The EUR/USD rally off the $1.0724-23 December and early-February lows has taken it to Thursday's $1.0876 high before giving back some of its recent gains around Friday's Non-Farm Payrolls.
The $1.0876 high was made marginally below the February highs at $1.0888 to $1.0897 which remain in focus. Potential slips should find support above or near the $1.0796-91 area.
GBP/USD looks bid
GBP/USD once more targets the 55-day SMA at $1.2668, having levelled out around the 200-day SMA on Friday. Above Thursday's high at $1.2684 lies the 22 February high at $1.271.
Minor support can be spotted at Friday's low at $1.2574.
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