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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

​​​EUR/USD, EUR/GBP and GBP/USD stall after week of gains​​​

​​​​EUR/USD, EUR/GBP and GBP/USD stall ​as greenback appreciates post US Q2 growth confirmation of 3%.​​

Pound Source: Adobe images

​​​EUR/USD advance stalls

EUR/USD remains side-lined below its $1.1201-to-$1.1214 August and current September highs.

A rise above Wednesday's high at $1.1214 would put the July 2023 peak at $1.1275 on the cards.

Support sits between Monday's low at $1.1084 and the August-to-September tentative uptrend line at $1.109.

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

EUR/GBP range trades

EUR/GBP still hovers above its near 2 1/2 year low at £0.8318, made marginally above its 21 March 2022 low at £0.8296 which may still be reached at some stage.

Together with the £0.8285 January 2022 low and the £0.8277 December 2019 low it represents significant support.

Previous support at £0.8378-73, because of inverse polarity, should acts as resistance.

EUR/GBP chart Source: TradingView.com
EUR/GBP chart Source: TradingView.com

GBP/USD rise stalls

GBP/USD remains side-lined around its $1.3412 September 2022 low around which it ran out of steam, as expected.

Were it to be overcome, the $1.3515 December 2019 peak would be eyed next, though.

Support remains to be seen at the $1.3267 August hig

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

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