EUR/USD, GBP/USD stay bid while EUR/GBP runs out of steam
Outlook on EUR/USD, GBP/USD and EUR/GBP on a data-wise quiet day.
EUR/USD remains bid
EUR/USD is aiming to revisit the $1.079 to $1.0812 resistance zone. While the early May low at $1.065 underpins, this resistance area is expected to eventually give way with the December-to-May downtrend line at $1.0838 being eyed next.
GBP/USD continues its advance
GBP/USD probes the $1.2539-41 minor resistance area above which the 55-day SMA can be found at $1.2601.
The cross is deemed to be bullish while trading above its $1.2466 early May low.
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
