EUR/USD, GBP/USD slip further amid appreciating greenback while EUR/GBP rallies
EUR/USD, GBP/USD slip further as strong US employment data leads to further US dollar appreciation while EUR/GBP is on track for a fourth straight day of gains.
EUR/USD drops further still
EUR/USD's decline is taking it to the September 2022 high at $1.0198 while on its way to parity.
Minor resistance remains to be seen at the $1.0333-to$1.0344 November and mid-December low.
EUR/GBP rally continues
EUR/GBP's is on track for its fourth straight day of gains and about to hit the 200-day simple moving average (SMA) at £0.8424. Together with the October peak at £0.8447 it may cap the advance, though, at least for a day or two.
Good support sits between the mid-October, mid-to-late November highs at £0.8380-to-£0.8364.
GBP/USD drops further in 13-month lows
GBP/USD is about to touch its mid-October low at $1.2123, a fall through which would have the October 2023 trough at $1.2038 in its sights, as well as the psychological $1.2000 mark.
Minor resistance above the $1.2201 late October high sits at the $1.2239 early January low.
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