EUR/USD and GBP/USD looking to create higher lows, while USD/JPY eases back after recent gains - IG

​​​EUR/USD fights to hold above support

​The battle to form a higher low goes on in EUR/USD, as the price resists attempts to drive it lower.

​​For the moment, the $1.092 level continues to hold as support. So long as this is in place, then a fresh leg higher remains a possibility in the short-term. A close above $1.103 accentuates this bullish view.

​​A close below $1.092 signals a resumed move lower, targeting the 200-day simple moving average (SMA).

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2023-08-09 08:38:47Z
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