EUR/GBP rallies while EUR/USD, GBP/USD drop further amid greenback strength
EUR/GBP rallies while EUR/USD, GBP/USD drop further on greenback strength amid escalating tensions in the Middle East.
EUR/USD slips further
EUR/USD further comes off its $1.1201-to-$1.1214 August and September highs on flight-to-quality flows into the US dollar amid heightened tensions in the Middle East.
Minor support below the 55-day simple moving average (SMA) at $1.1027 sits at the $1.1002 September trough. A fall through this level would form a medium-term top. Minor resistance can now be seen at the 19 September low at $1.1069.
GBP/USD tumbles further
GBP/USD has nearly given back 2% from its $1.3434 September peak while falling towards the 19 September low at $1.3154. Further down meanders the 55-day SMA and lie the July high and September low at $1.3045-to-$1.3002.
Minor resistance can now be found between the 23 September and 1 October lows at $1.3237-to-$1.3249.
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