EUR/USD slides while EUR/GBP and EUR/JPY rally
EUR/USD slides while EUR/GBP and EUR/JPY rally ahead of Thursday’s BoE meeting.
EUR/USD comes off resistance
EUR/USD has been rejected by the $1.07 to $1.08 resistance zone and is expected to slip further towards the $1.07 region over the coming days. While the early May low at $1.06 underpins, the recent uptrend remains intact, though.
EUR/GBP continues its ascent
EUR/GBP remains short-term bid and has now reached the 200-day simple moving average (SMA) at £0.86. Further up beckons the £0.86 April high. Minor support now comes in at the 3 May high at £0.85.
EUR/JPY on track for third straight day of gains
EUR/JPY is gunning for the ¥167.22-38 zone and retains an immediately bullish bias while it remains above Tuesday's low at ¥165.65 on a daily chart closing basis.
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