EUR/USD nears 3-month high while EUR/GBP drops and GBP/USD surges ahead
EUR/USD nears 3-month high while EUR/GBP drops and GBP/USD surges ahead at start of the week amid light economic calendar.
EUR/USD nears 8-month high
EUR/USD has resumed its ascent and is about to overcome its $1.1047 8-month high, above which lies the 10 August 2023 high at $1.1065 as well as the $1.1075-95 zone.
Only a currently unexpected slip through Thursday's $1.0949 low would have short-term bearish implications, with the early June high at $1.0916 being back in play.
EUR/GBP slips further still
EUR/GBP topped out below the April-to-August peaks at £0.8624-to-£0.8644 and is still trading in one-week lows whilst targeting the £0.8499 early July high.
Minor resistance is seen along the 200-day simple moving average (SMA) at £0.855
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