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.
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