EUR/USD, GBP/USD, and AUD/USD attempt to regain lost ground
EUR/USD, GBP/USD, and AUD/USD attempt to regain lost ground. But will it be enough to bring a wider bullish picture into play?
EUR/USD rise may not last
EUR/USD has been regaining ground since Wednesday’s lows, although that rise is yet to bring a bullish breakout through $1.1895.
The recent trend of lower highs means that we are at risk of a bearish turn until we manage to push through the $1.1895 swing-high.
GBP/USD manages to push through key resistance
GBP/USD has managed to push through the $1.3898 swing-high in the early hours, bringing an end to the intraday downtrend in play of late.
While the price is falling back this morning, there is a good chance this is a retracement before we turn higher. A break below $1.3742 would be required to negate that view.
AUD/USD attempting to regain lost ground
AUD/USD has similarly been attempting to regain ground lost last week, although the pair remains some way from the prior swing-high.
A break up through the $0.7599 swing-high would bring a wider bullish picture into play. Until then, the pair remains at risk of another turn lower.
This information has been prepared by IG, a trading name of IG Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.
Start trading forex today
Find opportunity on the world’s most-traded – and most-volatile – financial market
- Trade spreads from just 0.6 points on EUR/USD
- Analyse with clear, fast charts
- Speculate wherever you are with our intuitive mobile apps
See an FX opportunity?
Try a risk-free trade in your demo account, and see whether you’re onto something.
- Log in to your demo
- Try a risk-free trade
- See whether your hunch pays off
See an FX opportunity?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from just 0.6 points on popular pairs
- Analyse and deal seamlessly on fast, intuitive charts
- See and react to breaking news in-platform
See an FX opportunity?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Forex
- Shares
- Indices
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
