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/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.
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.
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