EUR/USD drops to over 2-year low while GBP/USD slides to 9-month low
EUR/USD drops to over 2-year low while GBP/USD slides to 9-month low amid positive US outlook and appreciating US dollar.
EUR/USD drops to over 2-year low
EUR/USD continues its descent and now flirts with the late November 2022 low at $1.0223. Below it lies the September 2022 high at $1.0197 which may offer interim support on the way down towards parity.
The previous key support area at the $1.0333 to $1.0344 November and December lows should now, because of inverse polarity, act as resistance.
EUR/USD daily chart
GBP/USD falls to 9-month low
GBP/USD's fall through its eight-month $1.2475 December low has taken it to a nine-month low at $1.2353 whilst targeting the April 2024 low at $1.2300 around which it may find some support.
Good resistance sits between the November and mid-December lows at $1.2475 to $1.2488.
GBP/USD daily chart
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