EUR/USD, EUR/GBP rise further still while AUD/USD gives back gains
EUR/USD, EUR/GBP rise further still while AUD/USD gives back gains amid traders increasing concern about the US administration’s tariff policy impact on the US economy.
EUR/USD stays bullish
EUR/USD still targets the November peak at $1.0936 ahead of the psychological $1.1000 region.
Potential support can be seen along the 200-day simple moving average (SMA) at $1.0721.
EUR/GBP rises further still
EUR/GBP is on track for its seventh straight day of gains with the October highs at £0.8434-to-£0.8447 now being within reach. Further up lies the January peak at £0.8473.
Potential slips may find support along the 200-day SMA at £0.8381.
AUD/USD gives back gains
AUD/USD's recovery off the $0.6187 low has taken it to last week's $0.6363 high before keeling over and revisiting the 55-day SMA at $0.6261. Below it lies last week's low at $0.6188.
Only a rise above last week's high at $0.6363 would put the February high at $0.6408 back on the cards.
This information has been prepared by IG, a trading name of IG Markets 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. See full non-independent research disclaimer and quarterly summary.
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
- Take your position
- 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
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
