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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 CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. 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 CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

​EUR/USD, EUR/GBP and GBP/USD remain bid

​​​EUR/USD, EUR/GBP and GBP/USD remain bid amid FOMC member speeches.

Forex pairs Source: Adobe images

​​​EUR/USD tries to break through key resistance

EUR/USD is still trying to break through its major $1.0461-to-$1.0533 resistance area which needs to be overcome, for a medium-term bullish reversal to be confirmed.

​Minor support remains to be seen at last week's $1.0401 low and along the 55-day simple moving average (SMA) at $1.0394 as well as at the 23 January low at $1.0372.

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

​EUR/GBP recovers

EUR/GBP gradually bounces off its late December low at £0.8264. The 10 February low at £0.8310 and the 55-day SMA at £0.8330 remain in sight. Further up lies last week's £0.8352 high.

​A fall through £0.8264 would put the December low at £0.8223 on the cards.

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

​GBP/USD probes minor resistance

GBP/USD still has the mid-December high at $1.2729 in view. This will remain the case while last week's low at $1.2564 underpins.

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

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