GBP/USD slips to six-month low, EUR/USD tests key support while EUR/GBP stabilises
GBP/USD slips to six-month low, EUR/USD tests key support while EUR/GBP stabilises on last day of the week.
GBP/USD slips further still
GBP/USD trades in six-month lows as it is slipping towards the $1.2500 region with last week's $1.2597 low acting as potential minor resistance with the June low at $1.3613.
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EUR/USD weighs on key support
EUR/USD weighs on the lower boundary of the key support zone made up of the November 2023 low at $1.0517 and the October 2023 trough at $1.0449. Were it to give way, the October 2023 low at $1.0449 would be eyed. Further down lies the January 2023 low at $1.0423.
Minor resistance above last week's low at $1.0497 comes in at Wednesday's $1.0610 high.
EUR/GBP finds support
EUR/GBP once again bounces off Wednesday's £0.8314 low, below which lies the current November trough at £0.8260, a level last traded in April 2022.
The 55-day simple moving average (SMA) at £0.8358 is short-term in sight, above which Tuesday's high can be spotted at £0.8375 as well as the late August low at £0.8400.
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