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 push higher as sentiment improves

EUR/USD, GBP/USD, and AUD/USD push higher as risk sentiment improved, with further dollar downside looking likely.

EUR/USD rallies back into key resistance

EUR/USD has pushed higher once more, with the recovery seen since last Wednesdays low taking us back towards the crucial $1.2177 resistance level.

A break through that level brings about the highest reading since April 2018. As such, while the short-term trend points towards further upside, it makes sense to await a break through $1.2177 to bring expectations of another push higher from here.

GBP/USD breaks out of downtrend on Brexit hopes

GBP/USD has managed to break through the $1.3478 swing high this morning, as growing hope of a Brexit deal helped to lift sentiment.

The exit from the recent trend of lower highs does provide us with a more positive outlook from here, with a move back below $1.328 required to bring about a more bearish view. However, there is likely to be plenty of volatility ahead given the importance and uncertainty around Brexit talks.

AUD/USD rises ahead of likely bullish breakout

AUD/USD has rallied back into the $0.7578 resistance level this morning, coming off the back of a retracement over Monday night.

The uptrend does still remain intact despite that pullback, with the rally back into $0.7578 highlighting the potential for another bullish breakout. With that in mind, watch out for a potential breakout from here, with a rise through resistance paving the way for further upside.​

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.

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