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CFDs are complex instruments. 72% of retail client accounts lose money when trading CFDs, with this investment provider. You can lose your money rapidly due to leverage. Please ensure you understand how this product works and whether you can afford to take the high risk of losing money.

EUR/USD, GBP/USD and AUD/USD slide on US dollar safe haven inflows

​​​​EUR/USD, GBP/USD and AUD/USD slide on US dollar safe haven inflows​​ amid fears of escalation in the Middle East.​

EUR Source: Bloomberg

​​​EUR/USD drops further still

Friday's EUR/USD fall through and daily chart close below its $1.0694 February low confirmed the resumption of the medium-term bear market which began in December with the $1.05 region being in focus.

​The 78.6% Fibonacci retracement of the October-to-December advance at $1.0596 is next in line. Below it lies the late October lows at $1.0522 to $1.0517 as well as the $1.0449 October low.

​Minor resistance can be spotted at the $1.064 mid-October high.

EUR?USD chart Source: TradingView.com
EUR?USD chart Source: TradingView.com

​GBP/USD remains bearish

GBP/USD's fall through the $1.25 mid-December low reached the early November high at $1.2428 as expected. below it beckons the 61.8% Fibonacci retracement of the October-to-March rise at $1.2365.

​Strong resistance sits at the previous $1.25 to $1.254 support zone which should thwart any potential attempt to the upside.

GBP/USD Source: TradingView.com
GBP/USD Source: TradingView.com

​AUD/USD slips through key support

AUD/USD slipped to its $0.6443 February low, a fall through which would put the August and early September lows at $0.6366 to $0.6358 on the cards.

​Minor resistance can now be seen at the $0.6443 mid-February low.​​

AUD/USD Source: TradingView.com
AUD/USD Source: TradingView.com

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