EUR/USD, GBP/USD range trade in low volatility and volume
EUR/USD, GBP/USD range trade in low volatility and volume towards the end of the year.
EUR/USD sideways trades in low volume
EUR/USD still range trades in low volatility and volume above the $1.0344-to-$1.0333 November and December lows whilst remaining below its early to mid-December lows at $1.0454-to-$1.0461.
Further minor resistance can be spotted at the mid-December $1.0534 high.
GBP/USD holds above support
GBP/USD remains above its eight-month $1.2475 low with the early-to-mid-December lows at $1.2608-to-$1.2617 remaining in focus but likely to act as resistance.
A fall through $1.2475 would probably engage the 9 May low at $1.2446 and the 16 April trough at $1.2406 whereas a rise above $1.2617 would have the September-to-December downtrend line at $1.2642 in its sights.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
Start trading forex today
Trade the largest and most volatile financial market in the world.
- Spreads start at just 0.6 points on EUR/USD
- Analyse market movements with our essential selection of charts
- Speculate from a range of platforms, including on mobile
Live prices on most popular markets
- Forex
- Shares
- Indices
