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CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.
CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

EUR/USD, EUR/GBP and GBP/USD hover above minor support​​​

​​​EUR/USD, EUR/GBP and GBP/USD hover above minor support​ in low volume end-of year trading.​

GBP Source: Adobe images

​​​EUR/USD recovers from its November/December lows

EUR/USD recovers from its $1.0344-to-$1.0333 November and December lows amid low volume trading.

​Minor resistance between the early to mid-December lows at $1.0454-to-$1.0461 is now in view.

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

​EUR/GBP nears resistance

EUR/GBP recovered from last week's 2 3/4 year low at £0.8223 towards minor resistance at the £0.8327 mid-December high.

​Potential slips may find support around the 11 November £0.826 low ahead of the more important £0.8226-to-£0.8223 support zone.

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

​GBP/USD finds short-term support

GBP/USD recovered from its eight-month low, made last week at $1.2475, and tries to reach the early-to-mid-December lows at $1.2608-to-$1.2617 which may act as resistance.

​A fall through $1.2475 would likely engage the 9 May low at $1.2446 and the 16 April trough at $1.2406.

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

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