EUR/USD, GBP/USD, and NZD/USD start to regain lost ground

EUR/USD, GBP/USD, and NZD/USD are starting to regain ground, but will this last?

​EUR/USD turning higher after recent volatility

EUR/USD saw sharp volatility yesterday in the wake of the European Central Bank (ECB) meeting, with initial gains being followed up by a sharp move lower.

Coming off the back of a decline into the key $1.1754 support level, we are looking for further upside to regain the ground lost at the start of September. With price respecting the 61.8% Fibonacci retracement level, further gains look likely over the short term, with a break back below $1.1754 required to negate this short-term bullish outlook.

GBP/USD turning higher after recent selloff

GBP/USD is moving higher as the pair seeks to retrace some of the downside seen yesterday.

A break through the $1.3035 level would bring about a more long-lasting bullish outlook, yet for now the gains could be relatively fleeting in nature given the downtrend in play. As such, while short-term upside could take hold over the coming hours, that is likely to provide a precursor to further weakness before long.

NZD/USD turning higher after Fibonacci retracement

NZD/USD has been regaining ground after a decline back into the 61.8% Fibonacci support level on Tuesday.

With the price on the rise again this morning, a break through $0.6708 could pave the way for a wider move higher for the pair. As such, with bullish momentum building, there is a good chance we will see further upside from here.


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.

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
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

Prices above are subject to our website terms and agreements. All share prices are delayed by at least 20 minutes. Prices are indicative only.

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.