EUR/USD slides while EUR/GBP and EUR/JPY rally
EUR/USD slides while EUR/GBP and EUR/JPY rally ahead of Thursday’s BoE meeting.
EUR/USD comes off resistance
EUR/USD has been rejected by the $1.07 to $1.08 resistance zone and is expected to slip further towards the $1.07 region over the coming days. While the early May low at $1.06 underpins, the recent uptrend remains intact, though.
EUR/GBP continues its ascent
EUR/GBP remains short-term bid and has now reached the 200-day simple moving average (SMA) at £0.86. Further up beckons the £0.86 April high. Minor support now comes in at the 3 May high at £0.85.
EUR/JPY on track for third straight day of gains
EUR/JPY is gunning for the ¥167.22-38 zone and retains an immediately bullish bias while it remains above Tuesday's low at ¥165.65 on a daily chart closing basis.
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
