EUR/USD, EUR/GBP continue to slide while GBP/USD holds
EUR/USD, EUR/GBP continue to slide ahead of ECB President Christine Lagarde, speech while GBP/USD holds.
EUR/USD remains under pressure
EUR/USD has come close to the 200-day simple moving average (SMA) at $1.0873 which remains in focus but around which it may at least short-term stabilise.
Minor resistance remains to be seen at the $1.0895-to-$1.0916 May and June highs.
EUR/GBP nears September low
EUR/GBP is about to probe the £0.8322-to-£0.8311 support zone. Were it to give way, the 21 March 2022 low at £0.8296 would be next in line, together with the January 2022 and December 2019 lows at £0.8285-to-£0.8277.
Minor resistance can now be spotted in the £0.8353-to-£0.8360 region.
GBP/USD levels out
GBP/USD continues to oscillate around the 55 day SMA at $1.3085. Were last week's low at $1.3022 to give way, the September low at $1.3002 would be in focus. This support level with the $1.3000 mark is key for the medium-term trend as a fall through it could lead to the 200-day SMA at $1.2792 being targeted.
While the $1.3000 mark underpins, the medium-term uptrend remains intact though. Minor resistance can be spotted at the 19 September low at $1.3154.
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