EUR/USD, GBP/USD remain bid while EUR/GBP stays under pressure
EUR/USD remains bid
EUR/USD remains on track to reach its July 2023 peak at $1.1275.
Going forward, the $1.1047-40 area may offer potential support.
GBP/USD pushes higher still
GBP/USD is now trading above its July 2023 peak at $1.3143 whilst having the $1.3273-99 February 2022 low and March 2022 high in its sights.
The July 2023 high at $1.3143 may now act as support ahead of the $1.3045 July high.
EUR/GBP might soon find support
EUR/GBP continues to trade around the 55-day simple moving average (SMA) at £0.847, around which it may still find support.
Minor resistance is now seen at the 19 August £0.8509 low ahead of the 200-day SMA at £0.8542.
