EUR/USD, EUR/GBP and GBP/USD see buyers entering the fray
EUR/USD, EUR/GBP and GBP/USD see buyers despite looming French and UK elections.
EUR/USD bounces off support
EUR/USD bounces off Friday's low at $1.0671, below which lie the mid-June low at $1.0668 and the May low at $1.065, towards the 18 June high at $1.0761 to $1.0764.
It consists of last-Tuesday's high and the 55-day simple moving average (SMA).
EUR/GBP grinds higher
On Monday EUR/GBP tried to reach its key £0.8484-to-£0.8503 resistance area, in the process breaking through its May-to-June downtrend line at £0.8456 which should now act as minor support.
Further minor support lies at Wednesday's £0.843 low and more important support at £0.8398, below which sits the £0.8389 mid-August 2022 low.
GBP/USD bounces off support
GBP/USD's recovery from its the 55-day SMA at $1.2619 has further to run with Wednesday's high at $1.274 being in sight.
Potential slips should find support at the mid-June low at $1.2657.
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