EUR/USD, EUR/GBP rise while GBP/USD recovery stalls
EUR/USD surges ahead
EUR/USD flirts with the $1.10 mark - which so far caps - and tries to reach its $1.1009 early August peak. Above it sits the $1.1017 late November high and the 22 December peak at $1.104.
Minor support can be found at the 8 March high at $1.0981.
EUR/GBP recovers from Tuesday's low
EUR/GBP descent to Tuesday's £0.8531 low is being followed up by a recovery rally with the £0.8575-79 region being eyed. Key resistance remains to be seen between the April-to-August peaks at £0.8624-to-£0.8644.
Immediate upside pressure should remain in play while Tuesday's low at £0.8531 underpins. The 200-day simple moving average (SMA) at £0.8553 should offer support on Wednesday.
GBP/USD recovery stalls
GBP/USD recovery off its $1.2665 early August low is short-term fizzling out at Tuesday's $1.2873 high and may revisit the 55-day SMA at $1.2785.
Above $1.2873 lies the $1.2888-to-$1.2938 resistance area, made up of the late July highs.
