Skip to content

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 69% 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, GBP/USD slip further amid appreciating greenback while EUR/GBP rallies​​​

​​​EUR/USD, GBP/USD slip further as strong US employment data leads to further US dollar appreciation while EUR/GBP is on track for a fourth straight day of gains.​​

Euro Source: TradingView

​​​EUR/USD drops further still

​EUR/USD's decline is taking it to the September 2022 high at $1.0198 while on its way to parity.

​​Minor resistance remains to be seen at the $1.0333-to$1.0344 November and mid-December low.

EUR/USD chart Source: TradingView
EUR/USD chart Source: TradingView

​EUR/GBP rally continues

​EUR/GBP's is on track for its fourth straight day of gains and about to hit the 200-day simple moving average (SMA) at £0.8424. Together with the October peak at £0.8447 it may cap the advance, though, at least for a day or two.

​​Good support sits between the mid-October, mid-to-late November highs at £0.8380-to-£0.8364.

EUR/GBP chart Source: TradingView
EUR/GBP chart Source: TradingView

​GBP/USD drops further in 13-month lows

GBP/USD is about to touch its mid-October low at $1.2123, a fall through which would have the October 2023 trough at $1.2038 in its sights, as well as the psychological $1.2000 mark.

​Minor resistance above the $1.2201 late October high sits at the $1.2239 early January low.​​

GBP/USD chart Source: TradingView
GBP/USD chart Source: TradingView

This information has been prepared by IG, a trading name of IG Markets Ltd and IG Markets South Africa 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

Trade the largest and most volatile financial market in the world.

  • Spreads start at just 0.6 points on EUR/USD
  • Analyse market movements with our essential selection of charts
  • Speculate from a range of platforms, including on mobile

Live prices on most popular markets

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Monday. The Week Ahead gives you a full calendar of upcoming economic events, as well as commentary from our expert analysts on the key markets to watch.

You might be interested in…

Find out what charges your trades could incur with our transparent fee structure.

Discover why so many clients choose us, and what makes us a world-leading provider of CFDs.

Stay on top of upcoming market-moving events with our customisable economic calendar.