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​​​EUR/USD, EUR/GBP try to stabilise while AUD/USD drops​​​

​​​EUR/USD, EUR/GBP try to stabilise while AUD/USD is on track for its fourth straight day of decline.​​

USD/GBP Source: Adobe images
City Motion Forex Shares United States dollar EUR/USD EUR/GBP
Written by: Axel Rudolph | Market Analyst, London
Publication date:

​​​EUR/USD is trying to level out

EUR/USD saw seven straight days of falling prices but is trying to stabilise above Friday's $1.0952 low with the $1.1002 September low now acting as resistance. Below $1.0952 lie the mid-July high at $1.0948 and the early June high at $1.0916.

EUR/USD chart Source: TradingView.com
EUR/USD chart Source: TradingView.com

​EUR/GBP sidelined

EUR/GBP continues to range trade below last week's near two-week high at £0.8434, made close to the 55-day simple moving average (SMA) at £0.8444, and Friday's low at £0.8354. Below this level sits the £0.8322-11 support zone.

EUR/GBP chart Source: TradingView.com
EUR/GBP chart Source: TradingView.com

AUD/USD drops four days in a row

AUD/USD is on track for its fourth straight day of falls whilst approaching the 55-day SMA at $0.6705 and the 22 August low at $0.6698. Further down lies the September trough at $0.6623. Minor resistance can now be seen at the 19 September low at $0.6739 and at the 26 September low at $0.6819.

AUD/USD chart Source: TradingView.com
AUD/USD chart Source: TradingView.com

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