CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure. CFDs are a leveraged product and can result in losses that exceed deposits. Please ensure you fully understand how CFDs work and what their risks are, and take care to manage your exposure.

EUR/USD, GBP/USD and AUD/USD expected to maintain bullish trajectory

EUR/USD, GBP/USD and AUD/USD look set for further upside, as the dollar continues to fall out of favour.

EUR/USD continues to climbs back towards range top

EUR/USD is on the rise once again, with the pair pushing back towards the key $1.192 resistance level. That level represents the top of a range which has restricted the price action for over two months now.

With that in mind, further short-term upside looks likely to bring the price back into that $1.192 level. However, how we react to that level will be key in determining the medium term outlook. A break below the overnight low of $1.185 would be required to bring about a more bearish short-term outlook.

GBP/USD pushes higher ahead of potential Brexit breakthrough

GBP/USD is on the rise as traders prepare for a potential breakthrough in trade talks with the EU. The pair is pushing back towards the recent peak of $1.3313, which provides the key breakout level for the near term.

We are clearly trading within a wider uptrend here, which has been in play for two months now. As such, further upside seems likely, with a break below the $1.3165 level required to signal the beginning of a wider pullback in this pair.

AUD/USD turning towards key resistance once more

AUD/USD is on the rise this morning, with the weakness seen from the $0.734 level yesterday ultimately looking like a retracement before we move higher once again.

The ability to break through $0.734 is important here, with a rise through that level providing a multi-month high. As such, the recent uptrend does point towards further upside from here, yet a break through $0.734 would provide greater confidence to that upside trend. That bullish outlook holds unless we see a move back below the $0.7221 support level.

This information has been prepared by IG, a trading name of IG 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.
CFDs are a leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your initial deposit, so please ensure that you fully understand the risks involved.

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
  • Try a risk-free trade
  • 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

  • Forex
  • Shares
  • Indices

Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.

Plan your trading week

Get the week’s market-moving news sent directly to your inbox every Friday. 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.

For more info on how we might use your data, see our privacy notice and access policy and privacy webpage.

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.