EUR/USD, GBP/USD bounce off support while EUR/GBP is side-lined
EUR/USD, GBP/USD bounce off support as US dollar retreats while EUR/GBP is side-lined.
EUR/GBP sideways trades
EUR/GBP range trades above Friday's £0.8269 low. Below it sits the current November trough at £0.8260, a level last traded in April 2022.
The 55-day simple moving average (SMA) at £0.8350 continues to act as minor resistance. A rise above it would target last week's high at £0.8375 as well as the late August low at £0.8400.
GBP/USD bounces off support
GBP/USD recovers from last week's six-month low at $1.2488 with last week's high at $1.2715 remaining in sight.
Support above last week's low at $1.2488 can now be seen at the mid-November $1.2597 low.
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