The currency pairs EUR/USD and EUR/GBP are currently in a downward trend, while GBP/USD is stable. The EUR/USD is approaching the critical 200-day simple moving average (SMA) at $1.0873, which could potentially provide short-term stabilization.
Traders are closely watching this key indicator as it may impact market sentiment in the near future. There are minor resistance levels between $1.0895 and $1.0916, which correspond to previous highs in May and June. Investors are advised to stay alert for potential shifts in momentum that could arise from these technical benchmarks.