CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved. CFDs are leveraged products. CFD trading may not be suitable for everyone and can result in losses that exceed your deposits, so please consider our Risk Disclosure Notice and ensure that you fully understand the risks involved.

EUR/USD, GBP/USD and AUD/USD expected to reverse lower

EUR/USD, GBP/USD and AUD/USD likely to reverse lower after early dollar declines.

​EUR/USD downtrend likely to persist despite early strength

EUR/USD is on the rise this morning, coming off the back of another bout of downside on Friday.

That continues the current intraday downtrend, with lower highs taking place time and time again. With that in mind, this current rise is likely to falter once more, while a break through the $1.1254 level is required to negate this outlook.

GBP/USD rebound provides another shorting opportunity

GBP/USD is similarly on the rise in early trade, coming off the back of a week of losses that took the pair into a fresh three-week low.

That bearish trend is likely to continue, with the pair already starting to show signs of weakness. As such, a bearish outlook is in play, with a break through the $1.2456 level required to negate this outlook.

AUD/USD rallies into Fibonacci resistance

AUD/USD has rebounded into the 61.8% Fibonacci resistance level this morning, with the pair starting to show signs of weakness.

Short-term declines highlight the potential for further weakness from here, with a bearish outlook in play unless we see a break through the $0.6911 level.


The information 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 Bank S.A. 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 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.

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
  • Take your position
  • 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
liveprices.javascriptrequired
liveprices.javascriptrequired
liveprices.javascriptrequired

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

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.