EUR/USD, EUR/GBP and GBP/USD side-lined ahead of US employment data
EUR/USD, EUR/GBP and GBP/USD side-lined ahead of US non-farm payrolls.
EUR/USD side-lined
EUR/USD's rise from Monday's $1.0210 low has temporarily run out of steam around the 55-day simple moving average (SMA) at $1.0416 with the major $1.0461-to-$1.0534 resistance area capping the advance for now.
Support is still seen at the November-to-December lows at $1.0344-to-$1.0333.
EUR/GBP range trades
EUR/GBP continues to hover above the mid-October and Monday's £0.8296-to-£0.8292 lows.
Below £0.8292 lies the late December low at £0.8264.
Minor resistance has risen above the 55-day SMA at £0.8328 as anticipated and tries to revisit Thursday's high at £0.8378.
Support above the 55-day SMA can be spotted between the mid-to-late December highs at £0.8332-to-£0.8327.
GBP/USD capped
GBP/USD's recovery from Monday's $1.2250 low has taken it above the upper downtrend channel line at $1.2429 which once more acts as support.
Above the 55-day SMA at $1.2502 still beckons the late January high at $1.2524 and Wednesday's peak at $1.2550 which may act as minor resistance, though.
Potential slips may find support around the $1.2353 early January low and at the $1.2307 mid-January high ahead of Monday's low at $1.2250.
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