The EUR/USD and GBP/USD currency pairs have started the new year by revisiting key support zones. This means that the exchange rates for these pairs have fallen to levels that have acted as strong support in the past.
Traders are closely watching these support zones to see if the currencies will bounce back or continue to decline. The EUR/USD pair is currently trading near a support level of 1.20, while the GBP/USD pair is hovering around the 1.35 mark.
Many factors can influence these currency pairs, including economic data, political events, and market sentiment. Traders will be keeping a close eye on these support zones to determine their next moves in the forex market.
It will be interesting to see how these currency pairs react to the support levels in the coming days and weeks. Traders should stay informed and be prepared for any potential market movements.