EUR/GBP stabilises near 2 ½ year low while EUR/USD, GBP/USD advance amid quiet economic calendar.
EUR/USD resumes its advance
EUR/USD has its $1.1201 August peak in its sights. This will remain in view while Thursday's low at $1.1069 underpins.
Further up sits the $1.1275 July 2023 peak.
EUR/GBP bounces off 2 1/2 year low
EUR/GBP's drop has taken it a near 2 1/2 year low at £0.8318, to just above the 21 March 2022 low at £0.8296 which may still be reached at some stage. Together with the £0.8285 January 2022 low and the £0.8277 December 2019 trough it is expected to act as major support.
Previous support at £0.8378-73, because of inverse polarity, is now expected to act as resistance.
GBP/USD remains bid
GBP/USD has reached its $1.3412 September 2022 low which may act as at least short-term resistance. If not, the $1.3515 December 2019 peak would be next in line.
Support can be found at the $1.3267 August high.
