EUR/USD, EUR/GBP and GBP/USD under pressure on Veterans Day
EUR/USD, EUR/GBP and GBP/USD took a hit on Friday ahead of Monday’s Veterans Day.
EUR/USD under pressure
The euro has been under pressure since Friday with EUR/USD revisiting its four-month low at $1.0683 which offered support. With countries like France and the US shut for Veterans Day, Monday is expected to see relatively little volatility.
Minor resistance is found at the $1.0778-to-$1.0762 zone. A fall through $1.0683 would eye the June low at $1.0666.
EUR/GBP attacks support
On Friday EUR/GBP marginally and briefly dipped below its key September-to-October £0.8318-to-£0.8296 support zone to £0.8292, above which it remains. If fallen through, the 2019, 2020 and April 2022 lows at £0.8282-to-£0.8250 would be eyed.
Minor resistance can be seen between the 24 October high at £0.8352 and the mid-October high at £0.8380.
GBP/USD range trades
GBP/USD range trades between the key $1.3000-to-$1.3048 resistance zone and last week's low at $1.2835. If it and the 200-day simple moving average (SMA) at $1.2816 were to give way, the January-to-February highs at $1.2786-to-$1.2772 would be in sight.
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